Jim and Dwight have different abilities in the production of paper and pencils. Jim can produce 160 reams of paper per day and 960 pencils per day. Dwight can produce 120 reams of paper per day and 600 pencils per day. Who has the absolute advantage in the production of paper? And who has the absolute advantage in the production of pencils?

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.