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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Even though Jeremy is a better gardener and novelist than Bill, Jeremy still hires Bill as his gardener. Why?

To determine

The comparative advantage.

Explanation

In this situation, Person J has the absolute advantage in doing both the jobs, while Person B has a comparative disadvantage in doing both novel writing and gardening...

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