Nancy and Bill are auto mechanics. Nancy takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. Bill takes 4 hours to replace a clutch and 2 hours to replace a set of brakes. State...


Nancy and Bill are auto mechanics. Nancy takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. Bill takes 4 hours to<br>replace a clutch and 2 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each<br>task, identify who has a comparative advantage.<br>Instructions: Enter your responses rounded to two decimal places.<br>The opportunity cost of replacing a set of brakes for Nancy is<br>0.75<br>The opportunity cost of replacing a set of brakes for Bill is<br>0.50<br>(Click to select) v has a comparative advantage in brake replacement.<br>(Click to select) v has a comparative advantage in clutch replacement.<br>Neither<br>v has an absolute advantage in brake replacement.<br>Nancy<br>has an absolute advantage in clutch replacement.<br>

Extracted text: Nancy and Bill are auto mechanics. Nancy takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. Bill takes 4 hours to replace a clutch and 2 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage. Instructions: Enter your responses rounded to two decimal places. The opportunity cost of replacing a set of brakes for Nancy is 0.75 The opportunity cost of replacing a set of brakes for Bill is 0.50 (Click to select) v has a comparative advantage in brake replacement. (Click to select) v has a comparative advantage in clutch replacement. Neither v has an absolute advantage in brake replacement. Nancy has an absolute advantage in clutch replacement.

Jun 11, 2022
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