Three students are working on a group project. The project involves three distinct tasks: research, writing, and presentation. One student, Jack, is faster at all three of these tasks than the other members of the group. (a) Does Jack have an absolute advantage in all three tasks? (b) Does Jack have a comparative advantage in all three tasks? (c) Explain in approximately 1-4 sentences why this group will be more efficient if they specialize according to comparative advantage rather than absolute advantage.

Question
Three students are working on a group project. The project involves three distinct
tasks: research, writing, and presentation. One student, Jack, is faster at all three of
these tasks than the other members of the group.
(a) Does Jack have an absolute advantage in all three tasks?
(b) Does Jack have a comparative advantage in all three tasks?
(c) Explain in approximately 1-4 sentences why this group will be more efficient if
they specialize according to comparative advantage rather than absolute advantage.
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Transcribed Image Text

Three students are working on a group project. The project involves three distinct tasks: research, writing, and presentation. One student, Jack, is faster at all three of these tasks than the other members of the group. (a) Does Jack have an absolute advantage in all three tasks? (b) Does Jack have a comparative advantage in all three tasks? (c) Explain in approximately 1-4 sentences why this group will be more efficient if they specialize according to comparative advantage rather than absolute advantage.

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