Mary Takes 4 Minutes to Make a Sandwich and 6

question 225

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 sister's 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?

---

Definitions:

Demote

To lower in rank, status, or importance.

Odd And Even Pages

Refer to the distinction in formatting or numbering between odd-numbered pages and even-numbered pages in a document, often used in print settings.

Table of Figures

A list in a document that identifies the figures, charts, or tables in the order that they appear, often with accompanying page numbers.

Caption List

A feature in word processing and presentation software that provides a centralized management system for captions used in documents or presentations.