Economics 1st Edition by Dean Karlan,Jonathan Morduch

Exercise 1

Back at the bake sale (see review question 1), suppose another volunteer is going to help you bake. What would it mean for one of you to have an absolute advantage at baking cookies or cupcakes? Could one of you have an absolute advantage at baking both items?
Review question - 1
You've been put in charge of a bake sale for a local charity, at which you are planning to sell cookies and cupcakes. What would a production possibilities graph of this situation show?