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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) Mom should cook dinner; even though the opportunity cost is 12 shirts.
B) there are no gains from trade.
C) Dad has an absolute advantage in cooking dinner.
D) Dad has an absolute advantage in ironing shirts.
E) Mom shouldn't cook dinner; her opportunity cost is 6 shirts.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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6 years ago
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