Bill and Jill are two students who are considering trading services. If Bill works one hour, he

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Bill and Jill are two students who are considering trading services. If Bill works one hour, he can clean and gap four sparkplugs or he can type two pages of notes. If Jill works one hour, she can type three pages of notes or she can clean and gap eight sparkplugs. Use the theory of comparative advantage to determine who should be the typist and why.

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Introductory Economics

ISBN: 386524

1st Edition

Authors: Michael Veseth

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