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neezy neezy
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2 months ago

Michael can produce the following combinations of X and Y: 10X and 10Y, 5X and 15Y, and 0X and 20Y. Vernon can produce the following combinations of X and Y: 100X and 20Y, 50X and 30Y, or 0X and 40Y. It follows that



▸

Michael has the comparative advantage in producing X and Vernon has the comparative advantage in producing Y.



▸

Michael has the comparative advantage in producing Y and Vernon has the comparative advantage in producing X.



▸

Neither Michael nor Vernon has a comparative advantage in producing X.



▸

Neither Michael nor Vernon has a comparative advantage in producing Y.



▸

There is not enough information to answer the question.

Textbook 
Economics

Economics


Edition: 12th
Author:
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stephvelez1318stephvelez1318
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Michael has the comparative advantage in producing Y and Vernon has the comparative advantage in producing X.
1

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neezy Author
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2 months ago
Helped a lot
Fanmkreyol
wrote...

Yesterday
Good timing, thanks!
klyn
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2 hours ago
Thanks for your help!!
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