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It takes Nora 30 minutes to cook dinner. In the same time, she can iron 6 shirts.Edgar takes an hour to cook dinner and 30
It takes Nora 30 minutes to cook dinner. In the same time, she can iron 6 shirts.Edgar takes an hour to cook dinner and 30 minutes to iron a single shirt.
Select one:
a.
Nora should cook dinner and iron; trade is impossible.
b.
Edgar has an absolute advantage in ironing shirts.
c.
Edgar has an absolute advantage in cooking.
d.
Edgar should cook dinner; the opportunity cost is only 1 shirt.
e.
Edgar should cook dinner; the opportunity cost is only 2 shirts.
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