Who has the absolute advantage in each good

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Assignment:

Suppose Jackie earns $25 per hour at her job, and it would take her 16 hours to debug a program and 4 hours to write a report. Meanwhile, Jason earns $18 per hour at his job, and it takes him 20 hours to debug a program and 7 hours to write a report. Who has the absolute advantage in each good, and explain why? Who has the comparative advantage in each good, showing your calculations and using them to explain why? How much combined value do Jason and Jackie stand to gain by specializing according to comparative advantage and trading at mutually agreeable terms?

Reference no: EM133662317

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