00 -Principles of Economics 1|S1 21/22Time left 0:29:22Barb and Jim run a business that sets up and tests computers. Assume that Barb and Jim can switch between settingup and testing computers at a constant rate. The following table applies.Minutes Needed toNumber of ComputersSet Up or Tested in a40-Hour WeekSet Up 1Test 1Computers ComputersComputer ComputerSet UpTestedBarb485040Jim30408060Barb has an absolute advantage inneither setting up nor testing computers and a comparative advantage in setting up computers.a.b. both setting up and testing computers and a comparative advantage in setting up computers.neither setting up nor testing computers and a comparative advantage in testing computers.С.d. both setting up and testing computers and a comparative advantage in testing computers.Next pagepage

Name: 00 -Principles of Economics 1|S1 21/22Time left 0:29:22Barb and Jim r
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Description: 00 -Principles of Economics 1|S1 21/22Time left 0:29:22Barb and Jim run a business that sets up and tests computers. Assume that Barb and Jim can switch between settingup and testing computers at a constant rate. The following table applies.Minutes

Absolute advantage is when an individual is able to perform better i.e. producer a higher output of…

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Barb and Jim run a business that sets up and tests computers. Assume that Barb and Jim can switch between setting up and testing computers at a constant rate. The following table applies. Minutes Needed to Number of Computers Set Up or Tested in a 40-Hour Week Set Up 1 Test 1 Computers Computers Computer Computer Set Up Tested Barb 48 50 40 Jim 30 40 80 60 Barb has an absolute advantage in a. neither setting up nor testing computers and a comparative advantage in setting up computers. Ob. both setting up and testing computers and a comparative advantage in setting up computers. C. neither setting up nor testing computers and a comparative advantage in testing computers. d. both setting up and testing computers and a comparative advantage in testing computers.