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22 Tony and Patty produce skis and snowboards and the tables show their production possibilities per week.

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22 Tony and Patty produce skis and snowboards and the tables show their production possibilities per week. Tony produces 5 snowboards and 40 skis a week; Patty produces 10 snowboards and 5 skis a week.

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a Who has a comparative advantage in producing (i) snowboards and (ii) skis?
b If Tony and Patty specialise and trade 1 snowboard for 1 ski, what are the gains from trade?

Transcribed Image Text:

Tony's production possibilities: Snowboards Skis 25 and 0 20 and 10 15 and 20 10 and 30 5 and 40 and 50 0 Patty's production possibilities: Snowboards Skis 20 and 0 10 and 5 0 and 10

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