QUESTION 8 2 points Save Answer Bill and Hillary produce food and clothing. In an hour,...

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Answer 1

Answer #1

Since Hillary can make more units of each than Bill can in the same amount of time has an absolute advantage in producing food.
Bill has a comparative advantage in producing food since Hillary’s opportunity cost of producing 1 unit of food is 1.5 units of clothing however Bill’s is only 1 unit of clothing.

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