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Which individual has the comparative advantage in producing potatoes? Explain your answer by calculating the opportunity cost for producing potatoes for both Freya and Calum.
Which individual has the comparative advantage in producing potatoes? Explain your answer by calculating the opportunity cost for producing potatoes for both Freya and Calum.
If 100% of time is spent on the production of one crop | Self sufficiency | |||
Potatoes (kg) | Oats (kg) | Potatoes (kg) | Oats (kg) | |
Freya | 1000 | 400 | 300 | 250 |
Calum | 800 | 1000 | 350 | 400 |
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