Tina can produce any of the following combinations of goods X and Y : (a) 100 X and 0 Y, (b) 50 X and 25 Y, and (c) 0 X and 50 Y. David can produce any of the following combinations of X and Y: (a) 50 X and 0 Y, (b) 25 X and 40 Y, and (c) 0 X and 80 Y. Who has the comparative advantage in the production of good X ? Of good Y ? Explain your answer.
Microeconomics
Microeconomics
Solutions
Tina can produce any of the following combinations of goods X and Y: (a) 100 X and 0 Y, (b) 50 X and 25 Y, and (c) 0 X and 50 Y. David can produce any of the following combinations of X and Y: (a) 50 X and 0 Y, (b) 25 X and 40 Y, and (c) 0 X and 80 Y. Who has the comparative advantage in the production of good X? Of good Y? Explain your answer.
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