Mary makes 10 pies and 20 cakes a day and her opportunity cost of a cake is
Question:
Mary makes 10 pies and 20 cakes a day and her opportunity cost of a cake is 2 pies. Tim makes 20 pies and 10 cakes a day and his opportunity cost of a cake is 4 pies. If they specialize in the good in which they have a comparative advantage ______.
A. Mary produces pies B. Tim produces pies and cakes C. Mary produces cakes while Tim produces pies D. Tim produces cakes while Mary produces pies
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Essential Foundations Of Economics
ISBN: 9780316512329
6th Edition
Authors: Robin Bade, Michael Parkin
Question Posted: