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# Consider two individuals, Nigel and Mia, who produce hair pins and bandanas.

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Posts: 507
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4 years ago
 ​ Hair Pins /hour Bandanas /hour Nigel 4 10 Mia 9 3

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.
Textbook

## Microeconomics: Principles, Applications, and Tools

Edition: 8th
Authors:
19 Replies
Do What Makes You Come Alive
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Answer verified by a subject expert
qwer34qwer34
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Posts: 376
Rep:
4 years ago
tlc_71111 Author
wrote...
4 years ago
 Good timing, thanks!
 Do What Makes You Come Alive
wrote...
4 years ago
 ​ Hair Pins /hour Bandanas /hour Nigel 4 10 Mia 9 3

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.
wrote...
4 years ago
 2.5 bandanas.
wrote...
4 years ago
 ​ Hair Pins /hour Bandanas /hour Nigel 4 10 Mia 9 3

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.
wrote...
4 years ago
 3 hair pins.
wrote...
4 years ago
 You make an excellent tutor!
wrote...
4 years ago
 ​ Hair Pins /hour Bandanas /hour Nigel 4 10 Mia 9 3

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.
wrote...
4 years ago
 1/3 of a bandana.
wrote...
4 years ago
 ​ Hair Pins /hour Bandanas /hour Nigel 4 10 Mia 9 3

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.
wrote...
4 years ago
 Nigel has an absolute advantage in producing bandanas but not hair pins.
wrote...
4 years ago
 Exactly what I needed for my project, TYSM
wrote...
4 years ago
 ​ Hair Pins /hour Bandanas /hour Nigel 4 10 Mia 9 3

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.
 12 New Topic