Pattys opportunity cost of a snowboard is 1/2 a ski. Patty has a comparative advantage in snowboards

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Patty’s opportunity cost of a snowboard is 1/2 a ski. Patty has a comparative advantage in snowboards because her opportunity cost of a snowboard is less than Tony’s.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Nov 08, 2024 07:00 AM

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Pattys opportunity cost of a snowboard is 1/2 a ski. Patty has a comparative advantage in snowboards because her opportunity cost of a snowboard is less than Tonys.
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Pattys production possibilities show that to produce 10 more snowboards, she must produce 5 fewer skis. So
Tonys comparative advantage is in skis. For each ski produced, Tony must forgo making 1/2 a snowboard, whereas Patty must forgo making 2 snowboards for a ski. So Tonys opportunity cost of a ski is...
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Pattys opportunity cost of a snowboard is 1/2 a ski. Patty has a comparative advantage in snowboards

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Foundations Of Microeconomics

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