Kayla can cook dinner in 30 minutes and wash the laundry in 20 minutes. Her roommate takes half as long to do each task. How should the roommates allo- cate the work? a. Kayla should do more of the cooking based on her comparative advantage. b. Kayla should do more of the washing based on her comparative advantage. c. Kayla should do more of the washing based on her absolute advantage. d. There are no gains from trade in this situation.
Kayla can cook dinner in 30 minutes and wash the laundry in 20 minutes. Her roommate takes half as long to do each task. How should the roommates allo- cate the work? a. Kayla should do more of the cooking based on her comparative advantage. b. Kayla should do more of the washing based on her comparative advantage. c. Kayla should do more of the washing based on her absolute advantage. d. There are no gains from trade in this situation.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Kayla can cook dinner in 30 minutes and wash the laundry in 20 minutes. Her roommate takes half as long to do each task. How should the roommates allo- cate the work?
a. Kayla should do more of the cooking based on her comparative advantage.
b. Kayla should do more of the washing based on her comparative advantage.
c. Kayla should do more of the washing based on her absolute advantage.
d. There are no
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