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6 June, 18:04

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. in any given amount of time,

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  1. 6 June, 18:27
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    If Hans can do 4 loads of laundry per hour, and he can type 6 pages per hour and Maria can do 12 loads of laundry per hour, and she can type 8 pages per hour, then, in any given amount of time Maria has both an absolute and a comparative advantage in doing laundry. Maria would have an absolute advantage since she is able to produce or offer more service with the same given resources than her competitors. Also, she would also have a comparative advantage since she is able to do more work as compared to the work than by Hans. Absolute advantage would be characterized by using a small amount of resources but producing more while comparative advantage is a comparison between two or more competitors.
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