This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Janis mows the lawn in 1 hour and types a paper in 1 hour. Kristen mows the lawn in 2 hours and ... (Read 240 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Jul 1, 2018
Janis mows the lawn in 1 hour and types a paper in 1 hour. Kristen mows the lawn in 2 hours and types a paper in 1 hour. Which of the following statements is true?
 a. Kristen has an absolute advantage in typing and a comparative advantage in mowing.
  b. Janis has an absolute advantage in both activities and a comparative advantage in typing.
  c. Janis has an absolute advantage in both activities and a comparative advantage in mowing.
  d. The opportunity cost of mowing the lawn is greater for Kristen than it is for Janis.
  e. Neither Janis nor Kristen would gain from specialization.

Question 2

If Jason can wash a car in 20 minutes and wash a dog in 10 minutes, and Megan can wash a car in 15 minutes and wash a dog in 15 minutes, which of the following statements is true?
 a. The opportunity cost of washing a car is greater for Megan.
  b. The opportunity cost of washing a car is one dog bath for Jason.
  c. Megan could wash two cars in the time it takes to wash a dog.
  d. Jason has both a comparative and an absolute advantage in washing a dog.
  e. The opportunity cost of washing a dog is greater for Jason.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

deja

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


Collmarie

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jul 1, 2018
Correct answers!


deja

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Micrographs of nerve cells taken with different types of light microscopes. Micrographs of nerve cells taken with different types of light microscopes.
Comparison of Paper Medical Records and Electronic Health Records Comparison of Paper Medical Records and Electronic Health Records
Types of Laboratory Tests Types of Laboratory Tests
A Summary of Janis’s Conception of Groupthink A Summary of Janis’s Conception of Groupthink
The Many Types of Vegetarians The Many Types of Vegetarians
Types of Bones Types of Bones
Video: Properties of water -structure of water and polarity (Ionized and polar compounds)

For a complete list of videos, visit our video library