Economic Analysis of Social Issues 1st Edition by Alan Grant

تمرين 37

It takes Bill 3 hours to write an essay and 6 hours to compose a song. It takes Susie 1 hour to write an essay and 3 hours to compose a song. Determine who has a comparative advantage in writing songs. Then verify that the other person has a comparative advantage in writing essays. If Bill and Susie were to specialize and exchange with one another, who should write songs?