Who has the comparative advantage in the production of tubas? Eddie, because his opportunity cost of producing a tuba is 0.75 g compared to Dave's opportunity cost of producing a tuba guitar
Who has the comparative advantage in the production of tubas? Eddie, because his opportunity cost of producing a tuba is 0.75 g compared to Dave's opportunity cost of producing a tuba guitar
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
Section: Chapter Questions
Problem 3CQQ
Related questions
Question
![Eddie
Guitars
32
28
24
20
16
12
8
4
0
Tubas
0
1
2
3
4
5
6
7
8
Dave
Guitars
25
20
15
10
5
0
Tubas
0
1
2
3
4
5
35
30
25
20
15
10
5
0
30
25
20
15
10
5
0
0
0
2
1
2
4
3
6
4
8
5
10
6
Eddie and Dave both produce guitars and tubas. They produce a given amount
of each per month as seen in the tables above. Given the production
possibilities curves of each individual above, answer the following:
Who has the comparative advantage in the production of tubas?
Eddie, because his opportunity cost of producing a tuba is 0.75 guitars tubas
compared to Dave's opportunity cost of producing a tuba guitar of
0.25 guitars
Dave, because his opportunity cost of producing a tubas is 5 guitars
compared to Eddie's opportunity cost of producing a tuba of 4 guitars
Dave, because he is able to produce a lower number of tubas compared to
Eddie
Dave, because he is able to produce a lower number of guitars compared to
Eddie
Eddie, because his opportunity cost of producing a tuba is 4 guitars
compared to Dave's opportunity cost of producing a tuba of 5 guitars
Eddie, because he is able to produce a greater number of tubas compared to](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F365a3c35-8a6b-472c-99d9-de46e0d3957a%2Fa7dd0366-6577-4b89-baa9-3aabd9a858fb%2Fnxyn7ju_processed.png&w=3840&q=75)
Transcribed Image Text:Eddie
Guitars
32
28
24
20
16
12
8
4
0
Tubas
0
1
2
3
4
5
6
7
8
Dave
Guitars
25
20
15
10
5
0
Tubas
0
1
2
3
4
5
35
30
25
20
15
10
5
0
30
25
20
15
10
5
0
0
0
2
1
2
4
3
6
4
8
5
10
6
Eddie and Dave both produce guitars and tubas. They produce a given amount
of each per month as seen in the tables above. Given the production
possibilities curves of each individual above, answer the following:
Who has the comparative advantage in the production of tubas?
Eddie, because his opportunity cost of producing a tuba is 0.75 guitars tubas
compared to Dave's opportunity cost of producing a tuba guitar of
0.25 guitars
Dave, because his opportunity cost of producing a tubas is 5 guitars
compared to Eddie's opportunity cost of producing a tuba of 4 guitars
Dave, because he is able to produce a lower number of tubas compared to
Eddie
Dave, because he is able to produce a lower number of guitars compared to
Eddie
Eddie, because his opportunity cost of producing a tuba is 4 guitars
compared to Dave's opportunity cost of producing a tuba of 5 guitars
Eddie, because he is able to produce a greater number of tubas compared to
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