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wrote...
#14
4 years ago
Smart ... Thanks!
wrote...
#15
4 years ago
​Kites /hourSnowboards /hour
Jesse81
April123

Table 3.1


Based on the data in Table 3.1, if Jesse and April choose to specialize and trade, then:

▸ Jesse will specialize in painting snowboards and trade snowboards for kites.

▸ April will specialize in painting kites and trade kites for snowboards.

▸ April will specialize in painting snowboards and trade snowboards for kites.

▸ None of the above; specialization and trade are not beneficial for Jesse and April.
wrote...
#16
4 years ago
April will specialize in painting snowboards and trade snowboards for kites.
wrote...
#17
4 years ago
​Kites /hourSnowboards /hour
Jesse81
April123

Table 3.2


Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.2 shows how much of each good Jesse and April can paint in one hour. Which of the following is true?

▸ April has an absolute advantage in painting snowboards but not kites.

▸ April has an absolute advantage in painting kites but not snowboards.

▸ April has an absolute advantage in painting both goods.

▸ April does not have an absolute advantage in painting either good.
wrote...
#18
4 years ago
April has an absolute advantage in painting both goods.
wrote...
#19
4 years ago
Appreciate the effort, thank you!
wrote...
#20
4 years ago
​Kites /hourSnowboards /hour
Jesse81
April123

Table 3.2


Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.2 shows how much of each good Jesse and April can paint in one hour. Which of the following is true?

▸ April has a comparative advantage in painting snowboards but not kites.

▸ April has a comparative advantage in painting kites but not snowboards.

▸ April has a comparative advantage in painting both goods.

▸ April does not have a comparative advantage in painting either good.
wrote...
#21
4 years ago
April has a comparative advantage in painting snowboards but not kites.
wrote...
#22
4 years ago
​Kites /hourSnowboards /hour
Jesse81
April123

Table 3.2


Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.2 shows how much of each good Jesse and April can paint in one hour. Which of the following is true?

▸ April has both an absolute and comparative advantage in painting snowboards.

▸ April has neither an absolute nor a comparative advantage in painting snowboards.

▸ April has both an absolute and comparative advantage in painting kites.

▸ April has neither an absolute nor comparative advantage in painting kites.
wrote...
#23
4 years ago
April has both an absolute and comparative advantage in painting snowboards.
wrote...
#24
4 years ago
Smart ... Thanks!
wrote...
#25
4 years ago
​Kites /hourSnowboards /hour
Jesse81
April123

Table 3.2


Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.2 shows how much of each good Jesse and April can paint in one hour. Which of the following is true?

▸ Jesse has an absolute advantage in painting both goods.

▸ Jesse has an absolute advantage in painting snowboards but not kites.

▸ Jesse has an absolute advantage in painting kites but not snowboards.

▸ Jesse has an absolute advantage in painting neither good.
wrote...
#26
4 years ago
Jesse has an absolute advantage in painting neither good.
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