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Title: In one hour John can produce 20 loaves of bread or 16 cakes. In one hour Phyllis can produce 30 loav Post by: Loraine on Jun 20, 2015 In one hour John can produce 20 loaves of bread or 16 cakes. In one hour Phyllis can produce 30 loaves of bread or 15 cakes. Which of the following statements is true?
A) Phyllis has a comparative advantage in producing bread. B) John has a comparative advantage in producing cakes. C) Phyllis has an absolute advantage in both goods. D) John has an absolute advantage in both goods. E) Phyllis has a comparative advantage in producing both cakes and bread. Title: Re: In one hour John can produce 20 loaves of bread or 16 cakes. In one hour Phyllis can produce 30 Post by: Dropx on Aug 18, 2015 Content hidden
Title: Re: In one hour John can produce 20 loaves of bread or 16 cakes. In one hour Phyllis can produce 30 loav Post by: Dropx on Aug 31, 2015 Happy to help, let me know if you have any more requests.
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