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02/04/2020 Client: jessical Deadline: 2 Day

   If Kim can either wash 10 cars or wax 2 cars during a day, and Vince can either wash 17 cars or wax 2 cars during a day, then according to the law of comparative advantage,


[removed]A) Vince's opportunity cost of waxing a car is less than Kim's.

 [removed]B) their total output can be expanded if Kim specializes in waxing and Vince in washing.

 [removed]C) their total output can be expanded if Kim specializes in washing and Vince in waxing.

 [removed]D) it would be impossible for Vince and Kim to increase their total output through specialization and mutual exchange.




3. The following question(s) relate(s) to the material in the addendum to Chapter 2. Use the production possibilities data for Lebos and Slavia below to answer the question(s).

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