1. The person with a comparative advantage in snowboards is the one who has the lower opportunity...

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1. The person with a comparative advantage in snowboards is the one who has the lower opportunity cost of producing a snowboard. Tony’s production possibilities show that to produce 5 more snowboards he must produce 10 fewer skis. So Tony’s opportunity cost of a snowboard is 2 skis.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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