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Q2 (12 marks) Harry and Meghan are both currently single. They are deciding whether or not they should get married. Meghan can produce $15 of
Q2 (12 marks) Harry and Meghan are both currently single. They are deciding whether or not they should get married. Meghan can produce $15 of home goods per hour, or $10 of market goods per hour. Harry can produce $12 of home goods per hour, or $18 of market goods per hour. Each of them has 8 hours of time endowment. (i) Who has comparative advantage in market good production? (1 mark)
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