yessy73
yessy73
24.10.2019 • 
Business

View the following link and then answer the questions below. week 7 video assume that in one hour of work, noah can produce 8 pounds of walnuts or 12 pounds of plums. whereas, in one hour of work, madison can produce 5 pounds of walnuts or 15 pounds of plums. given this information, answer the following questions: who has the absolute advantage in the production of walnuts? who has the comparative advantage in the production of plums? should noah and madison trade with each other? if so, which good should each person produce?

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