Multiple Choice
Bill can cook dinner in 45 minutes and mow the lawn in 1.5 hours.Eileen can cook dinner in 1.5 hours and mow the lawn in 2 hours.Which of the following statements is correct?
A) Bill has both an absolute advantage and a comparative advantage in cooking dinner.
B) Bill has both an absolute advantage and a comparative advantage in mowing the lawn.
C) Eileen has both an absolute advantage and a comparative advantage in cooking dinner.
D) Eileen has both an absolute advantage and a comparative advantage in mowing the lawn.
E) Bill has the comparative advantage in both cooking dinner and mowing the lawn.
Correct Answer:
Verified
Correct Answer:
Verified
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