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Sublight2097 Sublight2097
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9 years ago
Jones and Smith are teaching assistants. Jones can grade 20 essays or 50 problem sets a day, while Smith can grade 20 essays or 10 problem sets a day. Therefore
A) Smith is more efficient than Jones at grading essays.
B) Jones has a comparative advantage in grading problem sets.
C) a larger combination of essays and problem sets can be graded in a day if Jones specializes in problem sets and Smith specializes in essays.
D) all of the above are true.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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Chimelo46Chimelo46
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9 years ago
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Sublight2097 Author
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#2
9 years ago
Another one in the books, marking it solved.
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#3
9 years ago
Happy to assist!
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