Determine who has an absolute advantage in the home

Assignment Help Econometrics

Reference no: EM13213489

Brad and Angelina are married with kids. Suppose Brad's at-home productivity as a parent is $25 and Angelina's is $40. a. Who has an absolute advantage in the home? How do you know? b. If brad works in the labor market, he can earn a wage of $500per hou, while Angelina can earn $600 per hour. Considering comparative advantage, which of the two should specialize in the labor market? Explain.

Reference no: EM13213489

Questions Cloud

Why ethanol is a viable alternative to gasoline : Ethanol is widely used as a component in gasoline. Ethanol can be produced from various crops, with corn as the usual production supply in the United States. General Motors promotes their flexible-fuel vehicles (FFVs) that are capable of burning e..

Explain effect of higher concentrations of hydrochloric acid : Write a procedure that would follow to demonstrate the effect of increasingly higher concentrations of hydrochloric acid on its rate of reaction with antacid tablets. Can only use materials listed:

Explain the requirement for security arrangements : Explain the requirement for security arrangements for assessment data - Conduct assessment of a minimum of two candidates within the VET context and against different units of competency or accredited curricula, following the relevant assessment pl..

How much are households paid for providing entrepreneurial : Suppose that businesses buy a total of $100 billion of the four resources (labor, land, capital, and entrepreneurial ability) from households. If households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest

Determine who has an absolute advantage in the home : Brad and Angelina are married with kids. Suppose Brad's at-home productivity as a parent is $25 and Angelina's is $40. a. Who has an absolute advantage in the home How do you know b. If brad works in the labor market, he can earn a wage of $500p..

Classfy reaction as combination and decompositon : classfy each reaction as cmbnation, decompositon, single replacement, double replacement, or combustion

Explain why the price of coffee goes up : The price of coffee goes down and consumption of coffee increases. Is coffee an ordinary good. The price of coffee goes up and consumption of coffee increases. Is coffee an ordinary good. The price of coffee goes up and consumption of coffee remai..

Find number of mole of all reactant involved in the reaction : 11 g of sodium bromide NaBr is mixed with 9 g of butanol CH3CH2CH2CH2OH to yield 258 mg of bromobutane CH3CH2CH2CH2Br. Under the catalysis of 10 ml of sulfuric acid density 1.84g/ml.

What is ceo tobacks most pressing concern : 1. What is CEO Toback's most pressing concern and how could he go about addressing this concern 2. Do you agree or disagree with the assessment of the concern and the plan to address this concern Why or why not

User Account

All Pages