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Author Question: The figure above shows Prakash's and Gail's production possibilities frontiers for writing books and ... (Read 148 times)

gbarreiro

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The figure above shows Prakash's and Gail's production possibilities frontiers for writing books and magazine articles.
a.  What is Prakash's opportunity cost of a book? What is Gail's opportunity cost? Who has the comparative advantage in writing books?
b.  Who has the comparative advantage in writing magazine articles?
c.  According to their comparative advantages, who should write books and who should write magazine articles?


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Marked as best answer by gbarreiro on May 24, 2019

robbielu01

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