Question 3 Person A and Person B produces purses and wallets. The production possibilities frontier below shows each persons production of wallets and purses based in an 8-hour day. 10 9 8 7 Person A wallets 7 8 9 10 purses Who has the absolute advantage in purses? Who has the absolute advantage in wallets? Who has a comparative advantage in purses? Who has a comparative advantage in wallets? What is the opportunity cost for purses? Person B 10 wallets 9 Choose... Choose... Choose... Choose... Choose... 6 7 8 9 10 + purses + (

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FA9 - Journ x Individual A X
mange 2022
2022.tle.courses.open.uwi.edu/mod/quiz/attempt.php?attempt=13080&cmid=23604&page=2#question-14574-7
Person A
10 wallets
s
4-
Question 3
Person A and Person B produces purses and wallets. The production possibilities frontier below shows each persons
production of wallets and purses based in an 8-hour day.
3
2
1
1 2
3
4
5
6
F2
7 8
00
19
Who has the absolute advantage in
purses?
# (
10
Who has the absolute advantage in
wallets?
+
Who has a comparative advantage in
purses?
00
F3
purses
Who has a comparative advantage in
wallets?
What is the opportunity cost for purses?
Course: AC X
$
Person B
10 I wallets
F4
9
8
7
6
5
4
3
2-
1
1 2 3
Choose...
Choose...
Choose...
Choose...
4
Choose...
Worksheet X b Answered: 1 X
%
Explain how the following situation would affect a nation's production possibilities curve.
5
F5
6
7
+
8
++
9 10 purses
A
MacBook Air
F6
holodeck
&
F7
x WhatsApp x
DII
F8
(
8
F9
Transcribed Image Text:FA9 - Journ x Individual A X mange 2022 2022.tle.courses.open.uwi.edu/mod/quiz/attempt.php?attempt=13080&cmid=23604&page=2#question-14574-7 Person A 10 wallets s 4- Question 3 Person A and Person B produces purses and wallets. The production possibilities frontier below shows each persons production of wallets and purses based in an 8-hour day. 3 2 1 1 2 3 4 5 6 F2 7 8 00 19 Who has the absolute advantage in purses? # ( 10 Who has the absolute advantage in wallets? + Who has a comparative advantage in purses? 00 F3 purses Who has a comparative advantage in wallets? What is the opportunity cost for purses? Course: AC X $ Person B 10 I wallets F4 9 8 7 6 5 4 3 2- 1 1 2 3 Choose... Choose... Choose... Choose... 4 Choose... Worksheet X b Answered: 1 X % Explain how the following situation would affect a nation's production possibilities curve. 5 F5 6 7 + 8 ++ 9 10 purses A MacBook Air F6 holodeck & F7 x WhatsApp x DII F8 ( 8 F9
10 purses
ge in
age in
ntage in
ntage in
for purses?
situation would
$
F4
XLO
✓ Choose...
Person A produce more than the Person B using the same resources
Person B produce more than the Person A using less resources
0.8 wallets for Person A and 1.5 wallets for Person B
1.25 wallets for Person A and 0.67 wallets for Person B
Person B produce with lower opportunity cost
1.25 purses for Person A and 0.67 purses for Person B
0.8 purses for Person A and 1.5 purses for Person B
Person A produce more than the Person B using less resources
Person A produce more than the Person B using more resources
Person B produce more than the Person A using same resources
Person B produce more than the Person A using more resources
%
5
7 8
뽀
F5
O
< C
+
10 purses
6
MacBook Air
S
V
F6
&
7
♡
F7
8
DII
F8
(
9
F9
Transcribed Image Text:10 purses ge in age in ntage in ntage in for purses? situation would $ F4 XLO ✓ Choose... Person A produce more than the Person B using the same resources Person B produce more than the Person A using less resources 0.8 wallets for Person A and 1.5 wallets for Person B 1.25 wallets for Person A and 0.67 wallets for Person B Person B produce with lower opportunity cost 1.25 purses for Person A and 0.67 purses for Person B 0.8 purses for Person A and 1.5 purses for Person B Person A produce more than the Person B using less resources Person A produce more than the Person B using more resources Person B produce more than the Person A using same resources Person B produce more than the Person A using more resources % 5 7 8 뽀 F5 O < C + 10 purses 6 MacBook Air S V F6 & 7 ♡ F7 8 DII F8 ( 9 F9
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