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Suppose, Jasim can produce either (a) 60 apples and 140 oranges or (b) 80apples and 110 oranges; Bill can produce either (c) 20 apples and
Suppose, Jasim can produce either (a) 60 apples and 140 oranges or (b) 80apples and 110 oranges; Bill can produce either (c) 20 apples and 80oranges or (d) 40apples and 40 oranges. Who has a comparative advantage in the production of apples? of oranges? Explain your answers.
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