Question

Regan grows flowers and makes ceramic vases. Jayson also grows flowers and makes ceramic vases. Regan can produce 3 times as many vases in a day as Jayson, and Regan can grow twice as many flowers in a month as Jayson. Who would gain from trade between Regan and Jayson?

Answer 1

Answer:

B

Explanation:

its the only obviose answer

Answer 2

Answer:

Both would gain

Explanation:

Regan and Jayson are two people who are in the same business or trades. They both grows flowers and make ceramic vases.

But Regan is better in producing both the items. Regan produces ceramic vases 3 times in a day as many vases Jayson produces and can grow twice as many flowers as Jayson in a month.

Now both Regan and Jayson can do the business and benefit if they try to focus on the comparative advantage of the market.

Hence both Regan and Jayson will gain from the trade.