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Tom and Jerry have two tasks to do all day: set traps and build sandcastles. If Tom spends all day setting traps, he will have
Tom and Jerry have two tasks to do all day: set traps and build sandcastles. If Tom spends all day setting traps, he will have set 16 traps. If he instead devotes his day to building sandcastles, Tom will build 4 sandcastles. If Jerry spends his day setting traps, he will set 14 traps; if he spends the day building sandcastles, he will build 7 sandcastles.
- Who has Absolute Advantage in setting traps? Explain in 1-2 sentences. Who has Absolute Advantage in building sandcastles? Explain in 1-2 sentences.
- Who has the least Opportunity Cost of setting traps? Calculate the Opportunity Cost of setting traps for Tom and Jerry to make the comparison. Show steps.
- Who has the least Opportunity Cost of building sandcastle? Calculate the Opportunity Cost of building sandcastles for Tom and Jerry to make the comparison. Show steps.
- If each of them decides to specialize in the job in which they have comparative advantage, how many traps will be set and how many sandcastles will be built?
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