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Harry and Gus fish the same lake together from the same boat. Each morning Harry typically catches e

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Harry and Gus fish the same lake together from the same boat. Each morning Harry typically catches e

Harry and Gus fish the same lake together from the same boat. Each morning Harry typically catches either 20 bluegills or 5 walleyes (depending on how deep he fishes) while Gus typically catches either 20 bluegills or 2 walleyes (depending on how deep he fishes). Which statement below is true?
A) Gus has a comparative advantage in bluegills and in walleyes.
B) Harry has a comparative advantage in bluegills and in walleyes.
C) Harry has a comparative advantage in walleyes, not bluegills.
D) Because they fish from the same boat, neither one of them has a comparative advantage.

Textbook

The Economic Way of Thinking

Edition: 13^th

Authors: Heyne, Boettke, Prychitko

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Sublight2097 Author

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8 years ago

Another one in the books, marking it solved.

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Chimelo46

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8 years ago

Glad to help you, and good luck with your course.

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