High School

Ed and Wendy decide to make extra money by painting names on coffee mugs and making sketches.

Ed can paint 6 mugs or draw 2 sketches per hour. Wendy can paint 8 mugs or make 3 sketches per hour.

Wendy has ____.

Options:
1. More specialized production than Ed
2. An absolute advantage over Ed
3. Greater natural resources than Ed
4. A comparative advantage over Ed

Answer :

Final answer:

Wendy has an absolute advantage over Ed because she can complete more tasks (painting mugs and drawing sketches) in the same amount of time.

Explanation:

The student's question revolves around the economic principle of absolute advantage. In productivity, Wendy has an absolute advantage over Ed both in terms of painting mugs and drawing sketches. Absolute advantage refers to a person's ability to produce more goods or services than others with the same amount of resources. Wendy can produce more paintings and sketches per hour, thus she has an absolute advantage.

Learn more about Absolute Advantage here:

https://brainly.com/question/32607605

#SPJ11

Other Questions