Business, 24.01.2020 22:31, naomicervero
Both dave and caroline produce sweaters and socks. if dave's opportunity cost of producing 1 sweater is 3 socks, and caroline's opportunity cost of producing 1 sweater is 5 socks, then
a. dave has a comparative advantage in the production of sweaters.
b. caroline has a comparative advantage in the production of sweaters.
c. dave has a comparative advantage in the production of socks.
d. dave has a comparative advantage in the production of both sweaters and socks.
Answers: 3
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Both dave and caroline produce sweaters and socks. if dave's opportunity cost of producing 1 sweater...
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