Table 7-5
Table 7-5 shows the output per week for pens and pencils by Tran and Farah.
-Refer to Table 7-5.
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?

Question

Table 7-5
  Table 7-5 shows the output per week for pens and pencils by Tran and Farah.
-Refer to Table 7-5.
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?

Quizplus · Accepted Answer

The Answer of Table 7-5
  Table 7-5 shows the output per week for pens and pencils by Tran and Farah.
-Refer to Table 7-5.
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?

Table 7-5 Table 7-5 Shows the Output Per Week for Week