Travis Can Mow a Lawn in Two Hours or He

question 33

Multiple Choice

Travis can mow a lawn in two hours or he can trim a tree in one hour.Ricardo can mow a lawn in three hours or he can trim a tree in two hours.

• A)Travis has an absolute advantage over Ricardo in trimming trees.
• B)Travis has a comparative advantage over Ricardo in mowing lawns.
• C)Ricardo has a comparative advantage over Travis in trimming trees.
• D)All of the above are correct.

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Definitions:

Comparable Business

A company or business model similar in size, scope, or industry to another, used for benchmarking or competitive analysis.

Expense Ratios

A measure of what an investment fund charges its shareholders for portfolio management, expressed as a percentage of the fund's assets.

Absolute Measures

Statistical tools used to assess the total magnitude of an entity or phenomenon without comparison to other entities or phenomena.

Profitability

The financial metric that measures the degree to which a company or a project generates profit compared to its costs.