Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Lindsay can either wash two dogs or clean four windows in two hours. Amy can either wash two dogs or clean ten windows in two

Lindsay can either wash two dogs or clean four windows in two hours. Amy can either wash two dogs or clean ten windows in two hours. Based on this information, which of the following is true?

A. The opportunity cost of washing 2 dogs for Lindsay is cleaning 2 windows.

B. The opportunity cost of washing 1 dog for Amy is cleaning 5 windows.

C. The opportunity cost of washing 1 dog for Amy is cleaning 1/5 of a window.

D. Lindsay has the absolute advantage in cleaning windows because she has the lowest opportunity cost.

E. Amy has the absolute advantage in cleaning windows because she has the lowest opportunity cost.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring Economics

Authors: Robert L Sexton

5th Edition

9781439040249

Students also viewed these Economics questions