Solved

Table 19-10 Table 19-10 Shows the Output Per Week for Pens and

Question 105

Essay

Table 19-10
 Pens  Pencils  Tran 40160 Farah 50150\begin{array}{|l|c|c|}\hline & \text { Pens } & \text { Pencils } \\\hline \text { Tran } & 40 & 160 \\\hline \text { Farah } & 50 & 150 \\\hline\end{array} Table 19-10 shows the output per week for pens and pencils by Tran and Farah.
-Refer to Table 19-10.
a.Which person has an absolute advantage in the production of pens? pencils?
b.Which person has a comparative advantage in the production of pens?
c.Which person has a comparative advantage in the production of pencils?

Correct Answer:

verifed

Verified

a∙Farah has an absolute advantage in the...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents