Question
Anna picks more oranges in an hour than Beth; Anna has the absolute advantage in oranges. Anna also picks more apples in an hour
Anna picks more oranges in an hour than Beth; Anna has the absolute advantage in oranges. Anna also picks more apples in an hour than Beth; Anna has the absolute advantage in apples. Comparative Advantage: Look at who has the lowest opportunity cost for each item. First, calculate opportunity cost for each person and fruit. Orange Apple Anna 9 =1/2 18 18 =2 Beth 4 =1/4 16 64 =4
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Exploring Economics
Authors: Robert L Sexton
5th Edition
978-1439040249, 1439040249
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