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Calculate mitch opportunity cost of ironing clothes

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Reference no: EM132595508

Consider two individuals-Lisa and Mitch.We have the following information about each person's productivity:

Task                          Lisa                        Mitch

Ironing Clothes      4 hours                 5 hours

Washing Clothes      3 hours               6 hours

Question a) Calculate Lisa's opportunity cost of ironing clothes and washing clothes

Question b) Calculate Mitch's opportunity cost of ironing and washing clothes

Question c) Who has the comparative advantage in ironing?

Reference no: EM132595508

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