has an absolute advantage in the production of zucchini, and David's opportunity cost of producing 1 pound of watermelon is of watermelon is pounds of zucchini. Because David has a Morgan, production of zucchini. has an absolute advantage in the production of watermelon. pounds of zucchini, whereas Morgan's opportunity cost of producing 1 pound opportunity cost of producing watermelon than has a comparative advantage in the production of watermelon, and has a comparative advantage in the
has an absolute advantage in the production of zucchini, and David's opportunity cost of producing 1 pound of watermelon is of watermelon is pounds of zucchini. Because David has a Morgan, production of zucchini. has an absolute advantage in the production of watermelon. pounds of zucchini, whereas Morgan's opportunity cost of producing 1 pound opportunity cost of producing watermelon than has a comparative advantage in the production of watermelon, and has a comparative advantage in the
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:has an absolute advantage in the production of zucchini, and
David's opportunity cost of producing 1 pound of watermelon is
of watermelon is
pounds of zucchini. Because David has a
Morgan,
production of zucchini.
has an absolute advantage in the production of watermelon.
pounds of zucchini, whereas Morgan's opportunity cost of producing 1 pound
opportunity cost of producing watermelon than
has a comparative advantage in the production of watermelon, and
has a comparative advantage in the
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