Suppose that Patrick Mahomes can pass for 28 touchdowns per season or run for 14 touchdowns per season and Josh Allen can pass for 45 touchdowns per season or run for 15 touchdowns per season. Which of the following statements is true? Patrick Mahomes has an opportunity cost of passing TDs equal to 2 running TDs and a comparative advantage in passing TDs. Patrick Mahomes has an opportunity cost of passing TDs equal to ½ of a running TD and a comparative advantage in running TDs. Patrick Mahomes has an opportunity cost of passing TDs equal to 2 running TDs and a comparative advantage in running TDs. O Patrick Mahomes has an opportunity cost of passing TDs equal to ½ of a running TD and a comparative advantage in passing TDs.
Suppose that Patrick Mahomes can pass for 28 touchdowns per season or run for 14 touchdowns per season and Josh Allen can pass for 45 touchdowns per season or run for 15 touchdowns per season. Which of the following statements is true? Patrick Mahomes has an opportunity cost of passing TDs equal to 2 running TDs and a comparative advantage in passing TDs. Patrick Mahomes has an opportunity cost of passing TDs equal to ½ of a running TD and a comparative advantage in running TDs. Patrick Mahomes has an opportunity cost of passing TDs equal to 2 running TDs and a comparative advantage in running TDs. O Patrick Mahomes has an opportunity cost of passing TDs equal to ½ of a running TD and a comparative advantage in passing TDs.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Suppose that Patrick Mahomes can pass for 28 touchdowns per season or run for 14
touchdowns per season and Josh Allen can pass for 45 touchdowns per season or
run for 15 touchdowns per season. Which of the following statements is true?
Patrick Mahomes has an opportunity cost of passing TDs equal to 2 running TDs
and a comparative advantage in passing TDs.
Patrick Mahomes has an opportunity cost of passing TDs equal to ½ of a running
TD and a comparative advantage in running TDs.
Patrick Mahomes has an opportunity cost of passing TDs equal to 2 running TDs
and a comparative advantage in running TDs.
O Patrick Mahomes has an opportunity cost of passing TDs equal to ½ of a running
TD and a comparative advantage in passing TDs.
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