Mark can cook dinner in 30 minutes and wash the laundry in 20 minutes. his roommate takes half as long to do each task. how should the roommates allocate the work?

a. mark should do more cooking based on his comparative advantage

b. mark should do more of the washing based on his comparative advantage

c. mark should do more of the washing based on his absolute advantage

d. there are no gains from trade in this situation

Question

Dalia Gill

Business

12 December, 19:59

Mark can cook dinner in 30 minutes and wash the laundry in 20 minutes. his roommate takes half as long to do each task. how should the roommates allocate the work?

a. mark should do more cooking based on his comparative advantage

b. mark should do more of the washing based on his comparative advantage

c. mark should do more of the washing based on his absolute advantage

d. there are no gains from trade in this situation

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Answers (1)

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Vazquez · Answer 1

The answer is letter D. There is no gains from trade in this situation. Both of them can manage their time properly, even they trade their situation no one can gain in the things they wanted to do. The roommate didn't need to allocate the work because there is no gains from the trade in this situation.