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nyounger nyounger
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Posts: 505
4 years ago
Wind ChimesSun Dials
Deena912
Artie68

Table 3.4


Consider two individuals, Artie and Deena, who produce wind chimes and sun dials. Artie's and Deena's weekly productivity are shown in Table 3.4. Which of the following is true?

▸ Artie has a comparative advantage in producing wind chimes but not sun dials.

▸ Artie has a comparative advantage in producing sun dials but not wind chimes.

▸ Artie has a comparative advantage in producing both goods.

▸ Artie does not have a comparative advantage in producing either good.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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getdhgetdh
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4 years ago
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Related Topics

nyounger Author
wrote...
4 years ago
Appreciate the effort, thank you!
wrote...
4 years ago
Wind ChimesSun Dials
Deena912
Artie68

Table 3.4


Consider two individuals, Artie and Deena, who produce wind chimes and sun dials. Artie's and Deena's weekly productivity are shown in Table 3.4. Which of the following is true?

▸ Deena has an absolute advantage in producing both goods, and a comparative advantage in producing sun dials.

▸ Deena has an absolute and a comparative advantage in producing both goods.

▸ Deena has an absolute advantage in producing both goods, and a comparative advantage in producing wind chimes.

▸ Deena has an absolute advantage in producing both goods, but no one has a comparative advantage in producing either good.
Do What Makes You Come Alive
wrote...
4 years ago
Deena has an absolute advantage in producing both goods, but no one has a comparative advantage in producing either good.
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