Isabella and Antonio are auto mechanics. Isabella takes 4 hours to replace a clutch and 2 hours to replace a set of brakes. Antonio takes 6 hours to replace a clutch and 2 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage. Instructions: Enter your responses rounded to two decimal places.   The opportunity cost of replacing a set of brakes for Isabella is  of a clutch replacement.   The opportunity cost of replacing a set of brakes for Antonio is  of a clutch replacement.                has a comparative advantage in brake replacement.                has a comparative advantage in clutch replacement.                has an absolute advantage

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Isabella and Antonio are auto mechanics. Isabella takes 4 hours to replace a clutch and 2 hours to replace a set of brakes. Antonio takes 6 hours to replace a clutch and 2 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.


Instructions: Enter your responses rounded to two decimal places.

 

The opportunity cost of replacing a set of brakes for Isabella is  of a clutch replacement.

 

The opportunity cost of replacing a set of brakes for Antonio is  of a clutch replacement.

 

             has a comparative advantage in brake replacement.

 

             has a comparative advantage in clutch replacement.

 

             has an absolute advantage in brake replacement.

 

             has an absolute advantage in clutch replacement.

 
 
 
 
 
 
 
 
Expert Solution
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Absolute advantage occurs when a country can produce more of a good with the given resources.

 A country is said to have a comparative advantage if it can produce the good at a lower opportunity cost.

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