Question
It takes Mom 30 minutes to cook dinner. In the same time, she can iron 6 shirts. Dad takes an hour to cook dinner and
It takes Mom 30 minutes to cook dinner. In the same time, she can iron 6 shirts. Dad takes an hour to cook dinner and 30 minutes to iron a single shirt. A) Dad has an absolute advantage in ironing shirts. B) Mom's opportunity cost of cooking dinner is ironing 6 shirts. C) Mom has a comparative advantage in cooking dinner. D) Dad's opportunity cost of cooking dinner is ironing half a shirt. E) Dad's opportunity cost of cooking dinner is 6 shirts.
Why is he answer not C as well?
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
