Everything You Need in One Place
Homework problems? Exam preparation? Trying to grasp a concept or just brushing up the basics? Our extensive help & practice library have got you covered.
Learn and Practice With Ease
Our proven video lessons ease you through problems quickly, and you get tonnes of friendly practice on questions that trip students up on tests and finals.
Instant and Unlimited Help
Our personalized learning platform enables you to instantly find the exact walkthrough to your specific type of question. Activate unlimited help now!
Make math click 🤔 and get better grades! 💯Join for Free
Get the most by viewing this topic in your current grade. Pick your course now.
- Solving Comparative Advantage and Absolute Advantage Problems
In an hour, Bella can produce 30 drawings or 5 books and Billy can produce 2 drawings or 20 books.
- In an hour, Kevin can produce 2 computers and 5 laptops and Luke can produce 2 computers and 10 laptops
- Calculate Kevin's opportunity cost of producing a laptop?
- Calculate Luke's opportunity cost of producing a laptop?
- Who has the comparative advantage in producing laptops?
- If Kevin and Luke specialize in producing goods in which each of them has a comparative advantage in, and they trade 1 computer and 3 laptops, who gains from the specialization and trade?
- Suppose Kevin buys a new machine that lets him create 10 computers an hour. Who has the comparative advantage in making computers?