Q5. Per month Coconuts Woods Robinson Crusoe 40 Friday 20 15 a) Who is holding absolute advantage on coconut? Why? b) Who is holding absolute advantage on woods? Why? c) Who is holding comparative advantage on coconut? Why? d) who is holding comparative advantage on woods? Why?

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A: Hi, thank you for the question. As per the guidelines, we are allowed to attempt only first…

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A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

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Comparative Advantage and Absolute Advantage Analysis

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