Both dave and caroline produce sweaters and socks if daves, Ask an Expert

Economics

Both Dave and Caroline produce sweaters and socks. If Dave's opportunity cost of producing 1 sweater is 3 socks, and Caroline's opportunity cost of producing 1 sweater is 5 socks, then

a. Dave has a COMPARATIVE ADVANTAGE in the production of sweaters.

b. Caroline has a COMPARATIVE ADVANTAGE in the production of sweaters.

c. Dave has a COMPARATIVE ADVANTAGE in the production of socks.

d. Dave has a COMPARATIVE ADVANTAGE in the production of both sweaters and socks.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91342735

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