-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:
Sales Taxes
Taxes imposed on the sale of goods and services, typically collected by the retailer and passed on to the government.
Factory Equipment
Fixed assets that are used in the production process to manufacture goods and services.
Safety Testing
The process of evaluating a product or system to ensure it meets safety standards and regulations and does not pose a hazard to users.
Cash Discount
An incentive offered by sellers to encourage prompt payment, typically a percentage reduction from the invoice price if paid within a specified period.
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