I believe that you have misunderstood the concept of comparative advantage.
At first glance, we see that Jane is more efficient than Toby at completing both chores, so maybe Jane should do both chores to minimize the time spent on chores? Although this idea in principle may seem to work, Jane and Toby know that time is a scarce resource.
If the goal of both parties is to minimize the total time spent on chores, having Jane do all the chores is the ideal solution. Each person working to their comparative advantage only makes sense if the two parties are, in s... (read more)
I believe that you have misunderstood the concept of comparative advantage.
If the goal of both parties is to minimize the total time spent on chores, having Jane do all the chores is the ideal solution. Each person working to their comparative advantage only makes sense if the two parties are, in s... (read more)