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Jennifer and Dave need to figure out how to divide the chores between. Dave can wash 2 loads of dishes or 3 loads of laundry
Jennifer and Dave need to figure out how to divide the chores between. Dave can wash 2 loads of dishes or 3 loads of laundry in 4 hours. Jennifer can wash 3 loads of dishes or 4 loads of laundry in 4 hours.
a.Does either one of them have an absolute advantage in both chores?
b.What type of advantage determines who should "produce" a good or service?
c.Calculate the opportunity cost for Jennifer and Dave to do 1 load of dishes or 1 load of laundry and report your results.
d.Who should do the dishes and who should do the laundry?
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