Multiple Choice
Mark can cook dinner in 30 minutes and wash the laundry in 20 minutes while his housemate John can cook dinner in 15 minutes and wash the laundry in 30 minutes.How should they allocate their work?
A) Mark should cook dinner based on his comparative advantage
B) John should cook dinner based on his absolute advantage
C) John should cook dinner based on his comparative advantage
D) Mark should do the laundry based on his absolute advantage
Correct Answer:
Verified
Correct Answer:
Verified
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