#5. Mary and Daniel like to make tacos and cakes. The time it takes for Mary and Daniel to make tacos andcakes are given in the table below.Time to make a tacoTime to make a cakeMaryDaniel10 minutes15 minutes20 minutes 30 minutesWho has a comparative advantage in making cakes?

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#5. Mary and Daniel like to make tacos and cakes. The time it takes for Mary and Daniel to make tacos and cakes are given in the table below. I Time to make a taco Time to make a cake Mary Daniel 10 minutes 15 minutes 20 minutes 30 minutes Who has a comparative advantage in making cakes?

#5. Mary and Daniel like to make tacos and cakes. The time it takes for Mary and Daniel to make tacos and cakes are given in the table below. I Time to make a taco Time to make a cake Mary Daniel 10 minutes 15 minutes 20 minutes 30 minutes Who has a comparative advantage in making cakes?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Concept explainers

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

Question

#5. Mary and Daniel like to make tacos and cakes. The time it takes for Mary and Daniel to make tacos and
cakes are given in the table below.
Time to make a taco
Time to make a cake
Mary
Daniel
10 minutes
15 minutes
20 minutes 30 minutes
Who has a comparative advantage in making cakes?

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