Essay
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?
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a.Farah has an absolute advantage in the...View Answer
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