(Table: Fazio and Gabriella's opportunity cost) The table provides data on how long it takes Fazio and Gabriella each to learn to play a particular new song on the piano and to complete a given person's tax return. Use the data to answer the question. Table: Fazio and Gabriella Hours it takes to: Fazio Gabriella Learn to play a new song 18 10 Complete a tax return 9 8 Which statement explains who has a comparative advantage in learning a new song? O Fazio because he learns a new song more quickly than Gabriella, O Gabriella because she can learn the song more quickly than Fazio. Fazio because he gives up fewer completed tax returns when he learns a new song. O Gabriella because she gives up fewer completed tax returns when she learns a new song.

(Table: Fazio and Gabriella's opportunity cost) The table provides data on how long it takes Fazio and Gabriella each to learn to play a particular new song on the piano and to complete a given person's tax return. Use the data to answer the question. Table: Fazio and Gabriella Hours it takes to: Fazio Gabriella Learn to play a new song 18 10 Complete a tax return 9 8 Which statement explains who has a comparative advantage in learning a new song? O Fazio because he learns a new song more quickly than Gabriella, O Gabriella because she can learn the song more quickly than Fazio. Fazio because he gives up fewer completed tax returns when he learns a new song. O Gabriella because she gives up fewer completed tax returns when she learns a new song.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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