Business, 04.04.2020 10:55, 23rwilliamson

Ellie and Brendan both produce apple pies and vanilla ice cream. If Ellie’s opportunity cost of one apple pie is 1/2 gallon of ice cream and Brendan’s opportunity cost of one apple pie is 1/4 gallon of ice cream, Ellie has a comparative advantage in the production of ice cream. a. True b. False

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Ellie and Brendan both produce apple pies and vanilla ice cream. If Ellie’s opportunity cost of one...