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ivann1987 [24]
2 years ago
7

Create a simple sketch showing what Hawkins and Crusoe could produce if the two men lived independently on different sides of th

e island. Then in one or two sentences write a caption to explain why Hawkins has an absolute advantage in food production. Use the term absolute advantage.
Text to speech
Business
1 answer:
cupoosta [38]2 years ago
8 0

If two men are producing the same good, but one of them is producing more, with the same constraints, then he has an absolute advantage.

<h3>What is Absolute Advantage?</h3>

This refers to the economic principle which means that one particular entity is able to manufacture a greater quantity of goods in a more efficient manner than their competitors.

Please note that your question is incomplete so I gave you a general description to help you better understand the concept.

Some of the factors that can affect absolute advantage are:

  • Cheaper materials
  • Less time used to produce the good
  • Cheaper labor, etc

Read more about absolute advantage here:
brainly.com/question/8141905

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