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The Following Table Shows Output Per Hour for Martha and Stewart

Question 24

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The following table shows output per hour for Martha and Stewart who make gift baskets and potholders:
The following table shows output per hour for Martha and Stewart who make gift baskets and potholders: What is the opportunity cost of a potholder for Martha? What is the opportunity cost of a potholder for Stewart? Who has an absolute advantage in producing potholders? Who has a comparative advantage in producing potholders? What is the opportunity cost of a potholder for Martha? What is the opportunity cost of a potholder for Stewart? Who has an absolute advantage in producing potholders? Who has a comparative advantage in producing potholders?

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