Subject: Microeconomics Example A : Labor Hours Required to Produce One Unit Coffee Wine Argentina 4 8 Columbia 1 12 Which country has an absolute

country has a comparative advantage in potatoes?

Example C

If Jason can wash a car in 15 minutes and wash a dog in 15 minutes, and Megan can wash a car in 20 minutes and wash a dog in 10 minutes, who has an absolute advantage in each? Who has a comparative advantage in each?

Example D

Don can produce 10 pens or 20 pencils in one hour while Bob can produce 5 pencils or 15 pens in one hour. Who has an absolute advantage in each? Who has a comparative advantage in each?

 
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