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D Question 13 1.67 pts Dave, Jack, and Matt have a business where they mow lawns and wash cars. Each works 8 hours a day. In
Question 14 1.67 pts You observe wages for a particular occupation have increased over the past few years. Which of the follo
Mary and Paul run a bakery. Consider the following information about Mary and Pauls production possibilities: Mary cakes Mar
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13. Answer: Dave, Jack and Matt have a business where they mow lawns and wash cars. Each works 8 hours a day. In one hour, Dave can either mow 1 lawn or wash 2 cars , Jack can either mow 1 lawn or wash 1 car, and Matt can either mow 2 lawns or wash 1 car.

If they need to mow a total of 16 lawns per day then they can wash at most 24 cars. If they instead need to mow a total of 22 lawns per day then can wash at most 18 cars.

14. Answer: Wages for a particular occupation have increased over the past few years. The best explanation for this observation is - there has been an increase in the number of people retiring from this occupation.

Based on the information given has an Mary absolute advantage in baking pie and Mary has a comparative advantage in baking pie

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