Business, 28.08.2020 23:01 jessicaaaamartin
Michael can produce the following combinations of x and Y: 10X and 10Y, 5X and 15Y, and OX and 20Y combinations of X and Y: 100X and 20Y, 50X and 30Y, or OX and Vernon can produce the following 40Y. It follows that:
a. Michael has the comparative advantage in producing X and Vernon has the comparative advantage in producing Y
b. Michael has the comparative advantage in producing Y and Vernon has the comparative advantage in producing X.
c. Neither Michael nor Vernon has a comparative advantage in producing X
d. Neither Michael nor Vernon has a comparative advantage in producing Y.
e. There is not enough information to answer the question.
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Michael can produce the following combinations of x and Y: 10X and 10Y, 5X and 15Y, and OX and 20Y c...
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