Multiple Choice
It takes Mom 30 minutes to cook dinner. In the same time, she can iron 6 shirts. Dad takes an hour to cook dinner and 30 minutes to iron a single shirt.
A) Dad has an absolute advantage in ironing shirts.
B) Mom's opportunity cost of cooking dinner is ironing 6 shirts.
C) Mom has a comparative advantage in cooking dinner.
D) Dad's opportunity cost of cooking dinner is ironing half a shirt.
E) Dad's opportunity cost of cooking dinner is 6 shirts.
Correct Answer:
Verified
Correct Answer:
Verified
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