Calculate the gains/losses for each individual (for both potatoes and oats) when they switch from self-sufficiency to
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Question:
Calculate the gains/losses for each individual (for both potatoes and oats) when they switch from self-sufficiency to specialising in the crop for which they have a comparative advantage
If 100% of time is spent on the production of one crop | Self sufficiency | |||
Potatoes (kg) | Oats (kg) | Potatoes (kg) | Oats (kg) | |
Freya | 1000 | 400 | 300 | 250 |
Calum | 800 | 1000 | 350 | 400 |
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