Consider two individuals, Ozzy and Sharon, who produce toy boats and yo -yos. Ozzyʹs and Sharonʹs hourly productivity are as follows:
$$\begin{array} { | l | c | c | }
\hline & \text { Yo-yos/hour } & \text { Toy boats/hour } \
\hline \text { Ozzy } & 12 & 4 \
\hline \text { Sharon } & 10 & 5 \
\hline
\end{array}$$ Who has the absolute advantage or comparative advantage in the production of yo -yos or boats?

Question

Consider two individuals, Ozzy and Sharon, who produce toy boats and yo -yos. Ozzyʹs and Sharonʹs hourly productivity are as follows:
 $$\begin{array} { | l | c | c | } 
\hline & \text { Yo-yos/hour } & \text { Toy boats/hour } \
\hline \text { Ozzy } & 12 & 4 \
\hline \text { Sharon } & 10 & 5 \
\hline
\end{array}$$ Who has the absolute advantage or comparative advantage in the production of yo -yos or boats?

Quizplus · Accepted Answer

The Answer of Consider two individuals, Ozzy and Sharon, who produce toy boats and yo -yos. Ozzyʹs and Sharonʹs hourly productivity are as follows:
 $$\begin{array} { | l | c | c | } 
\hline & \text { Yo-yos/hour } & \text { Toy boats/hour } \
\hline \text { Ozzy } & 12 & 4 \
\hline \text { Sharon } & 10 & 5 \
\hline
\end{array}$$ Who has the absolute advantage or comparative advantage in the production of yo -yos or boats?

Consider Two Individuals, Ozzy and Sharon, Who Produce Toy Boats