Each day, Ted can wax 9 cars or wash 12 cars, and Tom can wax 5 cars or wash 15 cars. What is each man'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. Tom's opportunity cost of washing one car is ? wax jobs. Who has a comparative advantage in washing cars?
Each day, Ted can wax 9 cars or wash 12 cars, and Tom can wax 5 cars or wash 15 cars. What is each man'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. Tom's opportunity cost of washing one car is ? wax jobs. Who has a comparative advantage in washing cars?
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
Problem 2QQ
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Each day, Ted can wax 9 cars or wash 12 cars, and Tom can wax 5 cars or wash 15 cars.
What is each man's
Instructions: Enter your responses rounded to two decimal places.
Ted's opportunity cost of washing one car is ? wax jobs.
Tom's opportunity cost of washing one car is ? wax jobs.
Who has a
-
Ted
-
Tom
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