Multiple Choice
If Jason can wash a car in 20 minutes and wash a dog in 10 minutes, and Megan can wash a car in 15 minutes and wash a dog in 15 minutes, which of the following statements is true?
A) The opportunity cost of washing a car is greater for Megan.
B) The opportunity cost of washing a car is one dog bath for Jason.
C) Megan could wash two cars in the time it takes to wash a dog.
D) Jason has both a comparative and an absolute advantage in washing a dog.
E) The opportunity cost of washing a dog is greater for Jason.
Correct Answer:
Verified
Correct Answer:
Verified
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