6. Mark can cook dinner in 30 minutes and wash the laundry in 20 minutes. His roommate...

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6. Mark can cook dinner in 30 minutes and wash the laundry in 20 minutes. His roommate takes half as long to do each task. How should the roommates allocate the work?

a. Mark should do more of the cooking based on his comparative advantage.

b. Mark should do more of the washing based on his comparative advantage.

c. Mark should do more of the washing based on his absolute advantage.

d. There are no gains from trade in this situation.

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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Question Posted: Sep 28, 2024 07:02 AM

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6. Mark can cook dinner in 30 minutes and wash the laundry in 20 minutes. His roommate...

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Principles Of Macroeconomics

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