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Aitolkyn Alzhanova
on Nov 11, 2024

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Hans can do 4 loads of laundry per hour,and he can type 6 pages per hour.Maria can do 12 loads of laundry per hour,and she can type 8 pages per hour.Hans' opportunity cost of doing one load of laundry is:

A) 12 papers.
B) 8 papers.
C) 1 1/2 pages.
D) 2/3 of a page.
E) impossible to compute without additional information.

Opportunity Cost

The missed opportunity to benefit from other choices when selecting a particular option.

Pages

Typically refers to sheets of paper bound together within a book, or the digital equivalent in documents, used to display printed or written material.

  • Explain the differences between absolute and comparative advantage.
  • Review situations to discover the comparative and absolute advantages belonging to individuals or nations.
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JC
Josie ChristinaNov 13, 2024
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