Each day, Ted can wax 6 cars or wash 12 cars, and Ishana can wax 3 cars or wash 9 cars. What is each person's opportunity cost of washing a car? Instructions: Enter your responses rounded to two decimal places. Ted's opportunity cost of washing one car is wax Jobs. Ishana's opportunity cost of washing one car is Who has a comparative advantage in washing cars? O Ted Neither O Ishana wax Jobs.

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains Rrom Trade
Section3.2: Comparative Advantage: The Driving Force Of Specialization
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Each day, Ted can wax 6 cars or wash 12 cars, and Ishana can wax 3 cars or wash 9 cars.
What is each person's opportunity cost of washing a car?
Instructions: Enter your responses rounded to two decimal places.
Ted's opportunity cost of washing one car is
wax Jobs.
Ishana's opportunity cost of washing one car is
Who has a comparative advantage in washing cars?
O Ted
Neither
O Ishana
wax Jobs.
Transcribed Image Text:Each day, Ted can wax 6 cars or wash 12 cars, and Ishana can wax 3 cars or wash 9 cars. What is each person's opportunity cost of washing a car? Instructions: Enter your responses rounded to two decimal places. Ted's opportunity cost of washing one car is wax Jobs. Ishana's opportunity cost of washing one car is Who has a comparative advantage in washing cars? O Ted Neither O Ishana wax Jobs.
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