Assume that Hank and Mika can switch between producing baseballs and producing bats at a constant...

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Question

Assume that Hank and Mika can switch between producing baseballs and producing bats at a constant...

Assume that Hank and Mika can switch between producing baseballs and producing bats at a constant rate.

	Labor Hours Needed to Make 1		Quantity Produced in 36 Hours
	baseball	bat	baseballs	bats
Hank	2	6	18	6
Mika	2	4	18	9

Refer to Table 3-8. Mika has an absolute advantage in the production of

	a.	bats and a comparative advantage in the production of baseballs.
	b.	bats and a comparative advantage in the production of bats.
	c.	neither good and a comparative advantage in the production of baseballs.
	d.	baseballs and a comparative advantage in the production of bats.

business economics

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Answer 1

Answer #1

For Mika

Opportunity cost to produce bat = 18 / 9 = 2 baseballs

Opportunity cost to produce baseballs = 9 / 18 = 0.5 bats

For Hank

Opportunity cost to produce bat = 18 / 6 = 3 baseballs

Opportunity cost to produce baseballs = 6 / 18 = 0.333 bats

So Mika has an absolute advantage in production for bats and comparative advantage in the production of bats

So correct answer is option b. bats and a comparative advantage in the production of bats.

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Answer 2

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Assume that Hank and Mika can switch between producing baseballs and producing bats at a constant...

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Assume that Hank and Mika can switch between producing baseballs and producing bats at a constant...

Homework Answers

Add Answer to: Assume that Hank and Mika can switch between producing baseballs and producing bats at a constant...

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Assume that Hank and Mika can switch between producing baseballs and producing bats at a constant...