Use the following to answer question:

-(Table: Bongos and Frisbees)Use Table: Bongos and Frisbees.Bill and Mickey make bongos and Frisbees.Who has the comparative advantage in producing Frisbees?
A)Bill
B)Mickey
C)both
D)neither

Question

Use the following to answer question:

-(Table: Bongos and Frisbees)Use Table: Bongos and Frisbees.Bill and Mickey make bongos and Frisbees.Who has the comparative advantage in producing Frisbees?
A)Bill 
B)Mickey 
C)both 
D)neither

Quizplus · Accepted Answer

According to the table, Mickey has a lower opportunity cost of producing Frisbees than Bill (2 bongos vs 4 bongos). This means that Mickey has a comparative advantage in producing Frisbees, making it more efficient for him to focus on producing Frisbees while Bill focuses on making bongos.

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