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Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 14
Suppose that three volunteers are preparing cookies and cupcakes for a bake sale. Diana can make 27 cookies or 18 cupcakes per hour; Andy can make 25 cookies or 17 cupcakes; and Sam can make 10 cookies or 12 cupcakes.
a. Who has the absolute advantage at making cookies?
b. At making cupcakes?
a. Who has the absolute advantage at making cookies?
b. At making cupcakes?
Explanation
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Verified
Absolute advantage:
Absolute advantage ...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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