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Fred takes 1 hour to make a BB, 1 hour to make a DD and has 8 hours of labour a day Bamm-Bamm takes 1
- Fred takes 1 hour to make a BB, 1 hour to make a DD and has 8 hours of labour a day
- Bamm-Bamm takes 1 hour to make a BB, hour to make a DD and has 8 hours of labor a day.
- Draw Fred & Bamm-Bamm's PPFS.
- Identify who, if anyone, has an absolute advantage in BB & DD.
- Identify who, if anyone, has a comparative advantage in BB & DD.
- Identify who should specialize in BB and whom in DD.
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Microeconomics Theory And Applications With Calculus
Authors: Jeffrey M. Perloff
4th Edition
134167384, 134167381, 978-0134167381
