If john can produce 10 chairs or 20 lamps during a week while mary can produce 12 chairs or 22 lamps in the same time, who has

Question

3 years ago

15

the absolute advantage in producing each good?

1 answer:

Norma-Jean [14] · Answer 1 · 2022-03-02T10:28:57+03:00

5 0

Mary has the competitive advantage for chairs and lamps.

Absolute comparative advantage is the ability to produce something more efficiently than someone else..

If john can produce 10 chairs or 20 lamps during a week while mary can produce 12 chairs or 22 lamps in the same​ time, who has