Pierre and Antoinette produce cellos and double basses. The tables show their production possibilities. Pierre produces 30
Question:
Pierre and Antoinette produce cellos and double basses. The tables show their production possibilities.
Pierre produces 30 cellos and 50 basses a month; Antoinette produces 40 cellos and 10 basses a month.
a. Who has a comparative advantage in producing (i) cellos and (ii) double basses?
b. If Pierre and Antoinette specialize and trade 1 cello for 1 double bass, what are the gains from the trade?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer Explanation a Comparative Advantage A producer has a comparative advantage in a good if they can produce it at a relatively lower opportunity c...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
1+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
