ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
Suppose Jim and Tom can both produce two goods: baseball bats and hockey sticks. Which of the following is not possible?
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Jim has an
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b. |
Jim has an absolute advantage in the production of baseball bats and a comparative advantage in the production of hockey sticks.
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c. |
Jim has an absolute advantage in the production of baseball bats and in the production of hockey sticks.
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d. |
Jim has a comparative advantage in the production of baseball bats and in the production of hockey sticks.
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