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Tragamin Tragamin
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6 years ago
It takes Mom 30 minutes to cook dinner. In the same time, she can iron 6 shirts. Dad takes an hour to cook dinner and 30 minutes to iron a single shirt.
A) Dad has an absolute advantage in cooking.
B) Mom should cook dinner and iron; trade is impossible.
C) Dad has an absolute advantage in ironing shirts.
D) Dad should cook dinner; the opportunity cost is only 2 shirts.
E) Dad should cook dinner; the opportunity cost is only 1 shirt.
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Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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#1
6 years ago
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