Nancy and Bill are auto mechanics. Nancy takes 4 hours to replace a clutch and 6 hours to replace a set of brakes. Bill takes 6 hours to replace a clutch and 8 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage. Instructions: Enter your responses rounded to two decimal places. The opportunity cost of replacing a set of brakes for Nancy is The opportunity cost of replacing a set of brakes for Bill is (Click to select) has a comparative advantage in brake replacement. (Click to select) has a comparative advantage in clutch replacement. (Click to select) has an absolute advantage in brake replacement. (Click to select) has an absolute advantage in clutch replacement.

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter33: International Trade
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enter responses rounded to two decimal places . 

Nancy and Bill are auto mechanics. Nancy takes 4 hours to replace a clutch and 6 hours to replace a set of brakes. Bill takes 6 hours to
replace a clutch and 8 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each
task, identify who has a comparative advantage.
Instructions: Enter your responses rounded to two decimal places.
The opportunity cost of replacing a set of brakes for Nancy is
The opportunity cost of replacing a set of brakes for Bill is
(Click to select) has a comparative advantage in brake replacement.
(Click to select)
has a comparative advantage in clutch replacement.
(Click to select) has an absolute advantage in brake replacement.
(Click to select) has an absolute advantage in clutch replacement.
Transcribed Image Text:Nancy and Bill are auto mechanics. Nancy takes 4 hours to replace a clutch and 6 hours to replace a set of brakes. Bill takes 6 hours to replace a clutch and 8 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage. Instructions: Enter your responses rounded to two decimal places. The opportunity cost of replacing a set of brakes for Nancy is The opportunity cost of replacing a set of brakes for Bill is (Click to select) has a comparative advantage in brake replacement. (Click to select) has a comparative advantage in clutch replacement. (Click to select) has an absolute advantage in brake replacement. (Click to select) has an absolute advantage in clutch replacement.
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