Exhibit 2-1
$$\begin{array} { l r r }
& \text { Hans } & \text { Maria } \
\hline \text { Loads of laundry per hour } & 4 & 12 \
\text { Pages typed per hour } & 6 & 8
\end{array}$$
-Refer to the exhibit.What are Hans and Maria's trading opportunities?

Question

Exhibit 2-1
 $$\begin{array} { l r r } 
& \text { Hans } & \text { Maria } \
\hline \text { Loads of laundry per hour } & 4 & 12 \
\text { Pages typed per hour } & 6 & 8
\end{array}$$
-Refer to the exhibit.What are Hans and Maria's trading opportunities?

Quizplus · Accepted Answer

Maria has an absolute advantage in both laundry (12 loads per hour compared to Hans' 4) and typing (8 pages per hour compared to Hans' 6). She also has a comparative advantage in both tasks, as she has a lower opportunity cost for each task. Therefore, it would be most advantageous for Maria to specialize in both tasks and trade with Hans. He can focus on doing laundry while she types, and then they can exchange some of their output to maximize their overall productivity.

Exhibit 2-1 -Refer to the Exhibit