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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.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9677594

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