Jethro has a(n) ____________________ in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up. relative advantage opportunity cost absolute advantage comparative advantage

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05-07-2022
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Jethro has a(n) ____________________ in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up. relative advantage opportunity cost absolute advantage comparative advantage

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Bharathparasad577idn Bharathparasad577idn · Answer 1 · 2022-07-13T06:20:27-04:00

Jethro has an absolute advantage in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up.

Absolute advantage refers to an individual's capacity to efficiently carry out a task when compared to other individuals or groups.

In economics, this broadly refers to the ability and capacity to produce and conduct an economic good or a particular service in a more efficient manner than the competitors.
In this case Jethro has an absolute advantage in all aspects of camping.
Within the constraints of the economic activity, production is more efficient and higher.
Fewer resources are required to produce a particular commodity and/or service that needs higher resources for the competitors.
With fewer inputs, the outputs stand maximized in the context of absolute advantage.

Therefore, Jethro has an absolute advantage in all aspects of camping: he is faster at carrying a backpack, gathering firewood, paddling a canoe, setting up tents, making a meal, and washing up.

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