Isabella and Antonio are auto mechanics. Isabella takes 4 hours to replace a clutch and 2 hours to replace a set of brakes. Antonio takes 6 hours to replace a clutch and 2 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage. Instructions: Enter your responses rounded to two decimal places. The opportunity cost of replacing a set of brakes for Isabella is of a clutch replacement. The opportunity cost of replacing a set of brakes for Antonio is of a clutch replacement. has a comparative advantage in brake replacement. has a comparative advantage in clutch replacement. has an absolute advantage
Isabella and Antonio are auto mechanics. Isabella takes 4 hours to replace a clutch and 2 hours to replace a set of brakes. Antonio takes 6 hours to replace a clutch and 2 hours to replace a set of brakes. State whether anyone has an
Instructions: Enter your responses rounded to two decimal places.
The
The opportunity cost of replacing a set of brakes for Antonio is of a clutch replacement.
has a comparative advantage in brake replacement.
has a comparative advantage in clutch replacement.
has an absolute advantage in brake replacement.
has an absolute advantage in clutch replacement.
Absolute advantage occurs when a country can produce more of a good with the given resources.
A country is said to have a comparative advantage if it can produce the good at a lower opportunity cost.
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