Question
Steve
can wash, fold, and iron a basket of laundry in two hours and prepare a meal in one hour. His
roommate Mike
can wash, fold, and iron a basket of laundry in three hours and prepare a meal in one hour.
Part 2
The absolute advantage in laundry is held by
A.
Steve
.
B.
Mike
.
C.
neither person.
can wash, fold, and iron a basket of laundry in two hours and prepare a meal in one hour. His
roommate Mike
can wash, fold, and iron a basket of laundry in three hours and prepare a meal in one hour.
Part 2
The absolute advantage in laundry is held by
A.
Steve
.
B.
Mike
.
C.
neither person.
Answers
Answer
Quiz: Quiz 1
Question 22 of 22
This quiz: 22 point(s) possible
This question: 1 point(s) possible
Question list
Skip to Main content
Question 1
Question 2
Question 3
Question 4
Question 5
Question 6
Question 7
Question 8
Question 9
Question 10
Question 11
Question 12
Question 13
Question 14
Question 15
Question 16
Question 17
Question 18
Question 19
Question 20
Question 21
Question 22
Question content area
Part 1
Steve
can wash, fold, and iron a basket of laundry in two hours and prepare a meal in one hour. His
roommate Mike
can wash, fold, and iron a basket of laundry in three hours and prepare a meal in one hour.
Part 2
The absolute advantage in laundry is held by
A.
Steve
.
B.
Mike
.
C.
neither person.
Answer
The comparative advantage in meal preparation is held by
A.
Mike
.
B.
Steve
.
C.
neither person.
A.
Mike
.
B.
Steve
.
C.
neither person.
Answer
but they both prepare a meal in one hour.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.