The diagram shows Peter and Sam's possible outputs per week when they both perform the same jobs. Which of the following is true? TRES TRAD SAT Peter YARDS MOW O Peter has a comparative advantage in performing both functions O Peter performs yard-mowing services at a high opportunity cost than Sam O Sam can perform tree-trimming services at a lower opportunity cost than Peter. O Sam had neither an absolute nor a comparative advantage in performing either function Peter has a comparative advantage in performing both functions.

The diagram shows Peter and Sam's possible outputs per week when they both perform the same jobs. Which of the following is true? TRES TRAD SAT Peter YARDS MOW O Peter has a comparative advantage in performing both functions O Peter performs yard-mowing services at a high opportunity cost than Sam O Sam can perform tree-trimming services at a lower opportunity cost than Peter. O Sam had neither an absolute nor a comparative advantage in performing either function Peter has a comparative advantage in performing both functions.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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