Randy and Frank are both landscapers. Randy can mow 16 lawns per day or prune 12 trees. Frank can mow 10 lawns per day or prune 10 trees. What is each man?s opportunity cost of mowing lawns? Who has a

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13.07.2022 - 10:25

Randy and Frank are both landscapers. Randy can mow 16 lawns per day or prune 12 trees. Frank can mow 10 lawns per day or prune 10 trees. What is each man?s opportunity cost of mowing lawns? Who has a

Question:

Randy and Frank are both landscapers. Randy can mow 16 lawns per day or prune 12 trees. Frank can mow 10 lawns per day or prune 10 trees. What is each man’s opportunity cost of mowing lawns?

Who has a comparative advantage in each task, and who, if anyone, has an absolute advantage at each task?

The opportunity cost of mowing lawns for Randy is ????? prunings.

The opportunity cost of mowing lawns for Frank is ?????? prunings.

(Click to select)NeitherFrankRandy has a comparative advantage in mowing lawns.

(Click to select)FrankNeitherRandy has a comparative advantage in pruning trees.

(Click to select)NeitherRandyFrank has an absolute advantage in mowing lawns.

(Click to select)NeitherRandyFrank has an absolute advantage in pruning trees.

Answers (1)

Dora April 4, 2023 в 17:09

The opportunity cost of mowing lawns for Randy is 0.75 prunings (12 trees/16 lawns). The opportunity cost of mowing lawns for Frank is 1 pruning (10 trees/10 lawns). Randy has a comparative advantage in mowing lawns, as his opportunity cost of mowing lawns is lower than Frank's. Neither Randy nor Frank has an absolute advantage in pruning trees, as they both can prune 12 trees per day. Neither Randy nor Frank has an absolute advantage in mowing lawns, as Randy can mow more lawns but Frank's rate of pruning trees is the same as his rate of mowing lawns.

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