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Each person in this section can work ten (10) hours in a day. Jay and Gloria work in the economics department. There are only two
Each person in this section can work ten (10) hours in a day. Jay and Gloria work in the economics department. There are only two actions they can perform: Write an Exam (E) or Create Lecture Notes (L). They can produce either of these things as described below: Jay takes 4 hours to write an Exam or 2 Hours to create Lecture Notes. Gloria takes 4 hours to write an Exam or 1 Hour to create Lecture Notes Based on this information, please answer the following questions: 1. Who has an absolute advantage in writing exams (E)? (1) 2. Who has an absolute advantage in creating lecture notes (L)? (1) 3. Who has the comparative advantage in Writing Exams (E)? (2) 4. Who has the comparative advantage in creating Lecture Notes (L)? (2)
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