Sunday, July 17, 2011

Question about absolute advantage and comparitive advantage?

Nancy and Bill are auto mechanics. Nancy takes 4 hours to replace a clutch and 2 hours to replace a set of brakes. Bill takes 6 hours to replace a clutch and 2 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task, for each task, identify who has a comparative advantage.

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