Question
The following graph presents the production possibility curves for Joel and Betty. These can only produce pineapples and shrimp. They both work the same hours
a. What is the slope of Betty's line?
b. Who has the absolute advantage in pineapple production?
c. Who has the absolute advantage in shrimp production?
d. Who has a comparative advantage in shrimp production?
Pias 60 50 40 30 20 10 Joel 10 20 30 40 Betty 50 60 70 80 Camarones
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a The slope of Bettys line is 1 b Joel has the absolute advantage in pineapple production since his ...
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Introduction to Management Accounting
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta
16th edition
978-0133058819, 9780133059748, 133058816, 133058786, 013305974X , 978-0133058789
