Business, 12.03.2021 22:50 juliannabartra

Suppose Jean-Luc earns ten dollars for time spent in the labor market or can produce a meal worth five dollars for an hour of cooking. On the other hand, suppose Beverly earns fifteen dollars for time spent in the labor market or can produce a meal also worth fifteen dollars for an hour of cooking. This implies that a) Jean-Luc is not as good (not as efficient) as Beverly in both activities. b) Beverly has absolute advantage in both activities. c) the opportunity cost of a home-cooked meal is lower when Beverly produces it than when Jean-Luc does. d) all of the above are correct.

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Suppose Jean-Luc earns ten dollars for time spent in the labor market or can produce a meal worth fi...