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teranine teranine
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A year ago
Scenario: Mike and John work as waiters in a restaurant. Mike can efficiently wait on ten customers per hour, while John can efficiently wait on seven customers per hour. The restaurant also has a bar. If both of them work as bartenders, Mike is able to serve nine customers per hour and John is able to serve ten customers per hour.


Refer to the scenario above. Which of the following statements is TRUE in this case?

▸ John has an absolute advantage in waiting tables.

▸ John has a comparative advantage in waiting tables.

▸ Mike has an absolute advantage in bartending.

▸ Mike has a comparative advantage in waiting tables.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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mlwpcdmlwpcd
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A year ago
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teranine Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
zbmallo3
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Yesterday
this is exactly what I needed
fgarza2146
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2 hours ago
This site is awesome
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