Use the scenario to answer the following questions: Raven and Drew produce baseballs and golf balls....
Use the scenario to answer the following questions:
Raven and Drew produce baseballs and golf balls. Raven can produce
six baseballs per hour or four golf balls per hour. Drew can
produce three baseballs per hour or one golf ball per hour.
Based on the scenario, Raven has
1)a comparative advantage in producing baseballs, but not golf balls.
2)a comparative advantage in producing golf balls, but not baseballs.
3)a comparative advantage in producing both goods.
4)no absolute advantage.
4)a comparative advantage in producing neither good.
Homework Answers
The opportunity cost of producing golf ball for Raven in 1.5 base ball bats and their opportunity cost of producing golf ball for drew is 3 baseball bats.
than we conclude answer is B . reason was raven has a lower opportunity cost is of golf balls hence the comparative advantage i.e option ( B) A comparative advantage in producing golf balls , but not baseball bats.
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