Table 3.1
-Table 3.1 illustrates Willy and Blythe's hourly production for apples and carrots.Based on the table,Blythe's opportunity cost of 1 carrot is

Question

Quizplus · Accepted Answer

Blythe can produce 4 carrots in an hour or 12 apples in an hour. Therefore, her opportunity cost of 1 carrot is 12/4 = 3 apples. Willy's opportunity cost of 1 carrot is 2 apples. Since Blythe's opportunity cost is lower, she has a comparative advantage in producing carrots. The best choice would be for Blythe to produce carrots while Willy produces apples, leading to a more efficient allocation of resources.

Table 3.1 -Table 3.1 Illustrates Willy and Blythe's Hourly Production for Apples