Barb and Jim run a business that sets up and tests computers. Assume that Barb and Jim can switch between setting up and testing computers at a constant rate. The following table applies. Minutes Needed to Number of Computers Set Up or Tested in a 40-Hour Week Set Up 1 Test 1 Computers Computers Computer Computer Set Up Tested Barb 48 50 40 Jim 30 40 80 60 Barb has an absolute advantage in a. neither setting up nor testing computers and a comparative advantage in setting up computers. Ob. both setting up and testing computers and a comparative advantage in setting up computers. C. neither setting up nor testing computers and a comparative advantage in testing computers. d. both setting up and testing computers and a comparative advantage in testing computers.
Barb and Jim run a business that sets up and tests computers. Assume that Barb and Jim can switch between setting up and testing computers at a constant rate. The following table applies. Minutes Needed to Number of Computers Set Up or Tested in a 40-Hour Week Set Up 1 Test 1 Computers Computers Computer Computer Set Up Tested Barb 48 50 40 Jim 30 40 80 60 Barb has an absolute advantage in a. neither setting up nor testing computers and a comparative advantage in setting up computers. Ob. both setting up and testing computers and a comparative advantage in setting up computers. C. neither setting up nor testing computers and a comparative advantage in testing computers. d. both setting up and testing computers and a comparative advantage in testing computers.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 25P: If the price of a pie is 12, what is the maximum number of pies she could buy in a week?
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