Use the following to answer questions :
-(Table: Bongos and Frisbees) Look at the table Bongos and Frisbees. Bill and Mickey make bongos and Frisbees. Who should specialize in the production of bongos?
A)Bill
B)Mickey
C)both
D)neither

Question

Use the following to answer questions : 
-(Table: Bongos and Frisbees) Look at the table Bongos and Frisbees. Bill and Mickey make bongos and Frisbees. Who should specialize in the production of bongos?
A)Bill 
B)Mickey 
C)both 
D)neither

Quizplus · Accepted Answer

Bill should specialize in the production of bongos if he has a comparative advantage in making bongos compared to Mickey. This means Bill can produce bongos at a lower opportunity cost than Mickey.

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