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sergij07 [2.7K]
3 years ago
13

Ted can wax a car in 20 minutes or wash a car in 60 minutes. Tom can wax a car in 15 minutes or wash a car in 30 minutes. What i

s each man’s opportunity cost of washing a car? Ted's opportunity cost of washing one car is wax jobs. Tom's opportunity cost of washing one car is wax jobs. Who has a comparative advantage in washing cars?
Business
1 answer:
babymother [125]3 years ago
4 0

Answer:

0.33

0.5

Ted

Explanation:

Ted's opportunity cost = 20 / 60 = 0.33

Tom's opportunity cost = 15 / 30 = 0.5

A person has comparative advantage in an activity if he carries out the activity at a lower opportunity cost when compared with other people.

Thus, ted has an opportunity cost in washing cars.

I hope my answer helps you

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Answer:

Option "D" is the correct answer.

Explanation:

Labor produces tangible goods, which are referred to as capital. There are production-related man-made items such as machinery, vehicles, and chemicals. That is what sets them apart from commercial products.

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