Nolan can mow 10 lawns per day or trim 20 bushes per day. meanwhile, john can mow 12 lawns in a day or trim 16 bushes per day. which of the following is true?
a. nolan has an absolute advantage over john in terms of mowing lawns
b. john has a comparative advantage over nolan in terms of mowing lawns
c. john's opportunity cost of mowing one lawn is trimming 3/4 of a bush
d. nolan's opportunity cost of trimming one bush is mowing 2 lawns

Answer is B John has a comparative advantage over Nolan in terms of mowing lawns because John can mow 12 lawns in 1 day while Nolan can mow 10 lawns in 1 day. so it is better for John to mow land and Nolan to trim bushes because Nolan can trim more bushes than John.

Partners Dennis and Lilly have decided to liquidate their business. The following information is available:

Cash $100,000 Accounts Payable $100,000

Inventory $200,000 Dennis, Capital $120,000

Lilly, Capital $80,000

$300,000 $300,000

Dennis and Lilly share profits and losses in a 3:2 ratio. During the first month of liquidation, half the inventory is sold for $60,000, and $60,000 of the accounts payable is paid. During the second month, the rest of the inventory is sold for $45,000, and the remaining accounts payable are paid. Cash is distributed at the end of each month, and the liquidation is completed at the end of the second month.

1. Using a safe payments schedule, how much cash will be distributed to Dennis at the end of the first month?

a. $36,000

b. $64,000

c. $60,000

d. $24,000

2. Using a safe payments schedule, how much cash will be distributed to Lilly at the end of the first month?

a. $40,000

b. $24,000

c. $64,000

d. $16,000