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July 30, 2015

Homework Help: Economics

Posted by G on Tuesday, May 6, 2008 at 8:46pm.

I picked the answer C for both questions. I still am not sure?

Ben-cones 8
Ben-ice cream 2

Jerry-Cones 6
Jerry-Ice Cream 4

According to the tables, Ben as a comparative advantage in:

A) ice cream, and Jerry has an absolute advantage in both goods

B) cones, and Jerry has an absolute advantage in ice cream

C) ice cream, and Jerry has an absolute advantage in neither good

D) ice cream, and Jerry has an absolute advantage in cones.

According to the tables, Ben has an absolute advantage in:

A) cones, and Jerry has a comparative advantage in ice cream

B) both goods, and Jerry has a comparative advantage in cones

C) ice cream, and Jerry has a comparative advantage in cones

D) neither good, nor Jerry has a comparative advantage in ice cream.

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