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Question: Omar and Max are TAs for ECN 104, they have to grade assignments and write exam questions. In an hour, Omar can either grade
Question: Omar and Max are TAs for ECN 104, they have to grade assignments and write exam questions. In an hour, Omar can either grade 15 assignments or write 10 exam questions, Max can either grade 20 assignments or write 11 exam questions. Which of the following statements istrue?
- Omar has the absolute advantage in grading assignments
- Max has the comparative advantage in writing exam questions
- Omar has the comparative advantage in grading assignments
- Max exchanging 10 assignments he has graded for 6 exam questions Omar has written is a mutually beneficial transaction for both TAs
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