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wrote...
4 years ago
Nigel has a comparative advantage in producing bandanas but not hair pins.
wrote...
4 years ago
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.
wrote...
4 years ago
Nigel has both an absolute and comparative advantage in bandana production.
wrote...
4 years ago
Thanks for your help!
wrote...
4 years ago
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.
wrote...
4 years ago
Mia has an absolute advantage in producing hair pins but not bandanas.
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