Asked by
Mary Jane Leones
on Oct 26, 2024
Verified
Dr.Colgate is a dentist who employs an assistant,Ms.Crest.If Dr.Colgate worked all day at the front desk,she could answer 40 phone calls.If she worked all day with patients,she could clean the teeth of 40 patients.If Ms.Crest worked all day at the front desk,she could answer 60 phone calls.If she worked all day with patients,she could clean the teeth of 20 patients._____ has a(n) _____ advantage in _____.
A) Dr.Colgate;absolute;answering phones
B) Ms.Crest;comparative;answering phones
C) Ms.Crest;absolute;cleaning patients' teeth
D) Dr.Colgate;comparative;answering phones
Comparative Advantage
The skill of a person or group to undertake a particular economic operation more adeptly than another activity.
Answering Phones
Involves handling incoming calls and may include tasks such as providing information, taking messages, or scheduling appointments.
- Identify the differences between absolute and comparative advantage.
- Ascertain which groups hold a comparative or absolute superiority through opportunity cost analysis.
Verified Answer
SD
Learning Objectives
- Identify the differences between absolute and comparative advantage.
- Ascertain which groups hold a comparative or absolute superiority through opportunity cost analysis.