Business, 26.02.2020 20:52 iBrain

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 is 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?

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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...

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