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Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: tlc_71111 on Jul 22, 2019
Hair Pins /hourBandanas /hour
Nigel410
Mia93

Table 3.3


Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Nigel's opportunity cost of producing one bandana is:

▸ 1/4 of a hair pin.

▸ 2/5 of a hair pin.

▸ 2.5 hair pins.

▸ 4 hair pins.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: qwer34 on Jul 22, 2019
Content hidden


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: tlc_71111 on Jul 22, 2019
Good timing, thanks!


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: BenAff on Jul 22, 2019
Hair Pins /hourBandanas /hour
Nigel410
Mia93

Table 3.3


Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Nigel's opportunity cost of producing one hair pin is:

▸ 1/3 of a bandana.

▸ 2.5 bandanas.

▸ 3 bandanas.

▸ 10 bandanas.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: jeromet1 on Jul 22, 2019
2.5 bandanas.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: mdagenh1 on Jul 22, 2019
Hair Pins /hourBandanas /hour
Nigel410
Mia93

Table 3.3


Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Mia's opportunity cost of producing one bandana is:

▸ 1/3 of a hair pin.

▸ 2.5 hair pins.

▸ 3 hair pins.

▸ 9 hair pins.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: katiewill on Jul 22, 2019
3 hair pins.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: mdagenh1 on Jul 22, 2019
You make an excellent tutor!


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: daniellasousa on Jul 22, 2019
Hair Pins /hourBandanas /hour
Nigel410
Mia93

Table 3.3


Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Mia's opportunity cost of producing one hair pin is:

▸ 1/3 of a bandana.

▸ 2.5 bandanas.

▸ 3 bandanas.

▸ 10 bandanas.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: Kutthroat Kane on Jul 22, 2019
1/3 of a bandana.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: Clement on Jul 22, 2019
Hair Pins /hourBandanas /hour
Nigel410
Mia93

Table 3.3


Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Which of the following is true?

▸ Nigel has an absolute advantage in producing hair pins but not bandanas.

▸ Nigel has an absolute advantage in producing bandanas but not hair pins.

▸ Nigel has an absolute advantage in producing both goods.

▸ Nigel does not have an absolute advantage in producing either good.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: abonaccorso1 on Jul 22, 2019
Nigel has an absolute advantage in producing bandanas but not hair pins.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: Clement on Jul 22, 2019
Exactly what I needed for my project, TYSM


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: studymite on Jul 22, 2019
Hair Pins /hourBandanas /hour
Nigel410
Mia93

Table 3.3


Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Which of the following is true?

▸ Nigel has a comparative advantage in producing hair pins but not bandanas.

▸ Nigel has a comparative advantage in producing bandanas but not hair pins.

▸ Nigel has a comparative advantage in producing both goods.

▸ Nigel does not have a comparative advantage in producing either good.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: rand22 on Jul 22, 2019
Nigel has a comparative advantage in producing bandanas but not hair pins.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: meikunn2565 on Jul 22, 2019
Hair Pins /hourBandanas /hour
Nigel410
Mia93

Table 3.3


Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Which of the following is true?

▸ Nigel has both an absolute and comparative advantage in hair pin production.

▸ Nigel has both an absolute and comparative advantage in bandana production.

▸ Nigel has neither an absolute nor comparative advantage in hair pin production.

▸ Nigel has neither an absolute nor a comparative advantage in bandana production.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: DryPhantom on Jul 22, 2019
Nigel has both an absolute and comparative advantage in bandana production.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: meikunn2565 on Jul 22, 2019
Thanks for your help!


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: yufeige4 on Jul 22, 2019
Hair Pins /hourBandanas /hour
Nigel410
Mia93

Table 3.3


Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Which of the following is true?

▸ Mia has an absolute advantage in producing hair pins but not bandanas.

▸ Mia has an absolute advantage in producing bandanas but not hair pins.

▸ Mia has an absolute advantage in producing both goods.

▸ Mia does not have an absolute advantage in producing either good.


Title: Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.
Post by: wasan on Jul 22, 2019
Mia has an absolute advantage in producing hair pins but not bandanas.