Mary Takes 4 Minutes to Make a Sandwich and 6

question 289

Essay

Mary takes 4 minutes to make a sandwich and 6 minutes to mix a cocktail. Her sister Ash takes 4 minutes to make a sandwich and 4 minutes to mix a cocktail. Calculate each sisterʹs opportunity cost. Which of the two sisters has an absolute advantage in making sandwiches? In mixing cocktails? Which of the two has a comparative advantage in making sandwiches? In mixing cocktails? $$\begin{array} { | l l | l l | } \hline \begin{array} { l } \text { Nation A's production } \\\text { in 1 day }\end{array} && { \begin{array} { l } \text { Nation B's production } \\\text { in 1 day }\end{array} } \\\hline \text { Computers } & 100 & \text { Computers } & 120 \\\text { Software } & 140 & \text { Software } & 150 \\\hline\end{array}$$

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Definitions:

Events

Occurrences or happenings that are noteworthy or significant, often marked by certain ceremonies or activities.

Learning

The method of obtaining new, or changing current, knowledge, behaviors, skills, values, or preferences.

Operant Behavior

Behavior that is controlled by its consequences, including rewards and punishments, in the context of learning.

Complaining

The expression of dissatisfaction or annoyance about something.