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2 years ago

Who has the comparative advantage in the production of corn? jakejaneboth jake and jane.neither jake nor jane.

Business

1 answer:

Pachacha [2.7K]2 years ago

4 0

Jake has a comparative advantage in the production of corn.

<h3>Who has a comparative advantage?</h3>

A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people. Opportunity good is the number of goods that have to be given up in order to produce a good.

Opportunity cost for:

Jake : 20 / 80 = 0.25

Jane: 40 / 40 = 1

Jake has a lower opportunity cost. He has a comparative advantage in the production of corn

Please find attached the table used in answering this question. To learn more about comparative advantage, please check: brainly.com/question/25139916

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