Business, 13.07.2021 16:50 gabrielolivas59
Jared takes 10 minutes to wash dishes and 20 minutes to write a paper. Jason takes 10 minutes to wash dishes and 30 minutes to write a paper. Which of the following statements is correct
a. Jared has a comparative advantage in writing a paper
b. Jared has absolute advantage in washing the dishes
c. Jared has absolute advantage in writing the paper
d. Jared has a comparative advantage in Washing dishes
e. Neither can gain from specialization and exchange
Answers: 3
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Jared takes 10 minutes to wash dishes and 20 minutes to write a paper. Jason takes 10 minutes to was...
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