Table 3.3
-Consider two individuals, Bob and Jerry, who produce guitars and banjos. Bob and Jerry's weekly productivity are shown in Table 3.3. Which of the following is true?
A) Bob has a comparative advantage in producing banjos but not guitars.
B) Bob has a comparative advantage in producing guitars but not banjos.
C) Bob has a comparative advantage in producing both goods.
D) Bob does not have a comparative advantage in producing either good.

Question

Table 3.3
-Consider two individuals, Bob and Jerry, who produce guitars and banjos. Bob and Jerry's weekly productivity are shown in Table 3.3. Which of the following is true?
A) Bob has a comparative advantage in producing banjos but not guitars. 
B) Bob has a comparative advantage in producing guitars but not banjos. 
C) Bob has a comparative advantage in producing both goods. 
D) Bob does not have a comparative advantage in producing either good.

Quizplus · Accepted Answer

The Answer of  Table 3.3
-Consider two individuals, Bob and Jerry, who produce guitars and banjos. Bob and Jerry's weekly productivity are shown in Table 3.3. Which of the following is true?
A) Bob has a comparative advantage in producing banjos but not guitars. 
B) Bob has a comparative advantage in producing guitars but not banjos. 
C) Bob has a comparative advantage in producing both goods. 
D) Bob does not have a comparative advantage in producing either good.

Table 3.3 -Consider Two Individuals, Bob and Jerry, Who Produce Guitars and Guitars