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Author Question: If Daniel produces one pair of shoes in 4 hours and Sarah produces one pair of shoes in 3 hours, ... (Read 155 times)

karen

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on: Jul 1, 2018
If Daniel produces one pair of shoes in 4 hours and Sarah produces one pair of shoes in 3 hours, then
 a. Sarah has a comparative advantage in shoemaking
  b. Daniel has a comparative advantage in shoemaking
  c. Sarah has an absolute and a comparative advantage in shoemaking
  d. Daniel has an absolute and a comparative advantage in shoemaking
  e. Sarah has an absolute advantage in shoemaking

Question 2

Helen gives up the opportunity to bake 40 cakes for each room she paints; Josh can paint one room in the time it takes him to bake 60 cakes. The opportunity cost of a cake for Josh is
 a. painting one room
  b. painting 1/40 of a room
  c. painting 1/60 of a room
  d. painting 2/3 of a room
  e. painting 3/2 of a room


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at

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Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

C


karen

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Reply 2 on: Jul 1, 2018
Wow, this really help

mcabuhat

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Reply 3 on: Yesterday
Excellent

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