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Jessica and John both work 8 hours per day to produce fish and coconuts. Jessica's daily production possibilities frontier is shown by PPF1 in the
Jessica and John both work 8 hours per day to produce fish and coconuts. Jessica's daily production possibilities frontier is shown by PPF1 in the linked diagram, while John's is shown by PPF2. Based on their production possibilities frontiers you can conclude that Jessica has a competitive (or absolute) advantage in producing fish. both coconuts and fish. coconuts
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Economics
Authors: John Sloman, Alison Wride
7th edition
978-027372130, 273721305, 978-0273721307
