Assignment:

Hi,

I was wondering if anyone can please assist me with this economics question.

Thank you

Question:

-Barney retires and is replaced by Bamm-Bamm

-Bamm-Bamm takes 1 hour to make a BB, 2/3 hour to make a DD and has 8 hours of labor a day.

1. Draw Fred and Bamm-Bamm's PPF's.
2. Identify who, if anyone, has an absolute advantage in BB and DD.
3. Identify who, if anyone, has a comparative advantage in BB and DD.
4. Identify who should specialize in BB and whom in DD.