Use the following to answer question:

-(Table: Bongos and Frisbees)Use 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 question:

-(Table: Bongos and Frisbees)Use 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 lower opportunity cost for producing them compared to Mickey. Specialization allows each person to focus on producing the good for which they have a comparative advantage, leading to more efficient overall production.

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