-Omar and John can fix computers or write computer programs. The table above shows the number of computers they can fix and the lines of code they can write in a day.
a) Who, if anyone, has the absolute advantage?
b) Who has the comparative advantage in fixing computers? Why?
c) Who has the comparative advantage in writing programs? Why?
Definitions:
Q35: In economics,the factor of production "land" includes
Q73: Oil refiners can refine a barrel of
Q74: The production possibilities frontier is a graph
Q79: In the figure above,which of the following
Q87: A production possibilities frontier shows<br>A) the various
Q105: Suppose that the price of lettuce used
Q135: A free lunch (the absence of a
Q227: The law of supply states that other
Q251: As an economy increasingly specializes in producing
Q316: If the price of iPods decreases,<br>A) there