This topic contains a solution. Click here to go to the answer

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 301 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
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
Answer to Question 1

D

Answer to Question 2

D




deja

  • Sr. Member
  • ****
  • Posts: 332

 

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

For a complete list of videos, visit our video library