(B) Sara can produce 50 bags or 500 apple juices in an hour, John can produce 150 bags or 250 apple juices in an hour. Who has a comparative advantage in producing bags? Who has a comparative advantage in producing apple juices? (3)
(B) Sara can produce 50 bags or 500 apple juices in an hour, John can produce 150 bags or 250 apple juices in an hour. Who has a comparative advantage in producing bags? Who has a comparative advantage in producing apple juices? (3)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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