Tonys comparative advantage is in skis. For each ski produced, Tony must forgo making 1/2 a snowboard,

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Tony’s 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 Tony’s opportunity cost of a ski is lower than Patty’s.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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