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Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371Economic Analysis of Social Issues 1st Edition by Alan Grant
Edition 1ISBN: 978-0134098371 Exercise 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?
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• Time take to write...
Economic Analysis of Social Issues 1st Edition by Alan Grant
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