Brenda and lela are sisters they both like to make ice, Ask an Expert

Economics

Brenda and Lela are sisters. They both like to make ice cream and cake. Brenda makes one batch of ice cream in eight hours and bakes a cake in two hours. Lela makes one batch of ice cream in 10 hours and bakes a cake in 5 hours.

Reference the scenario above to answer these questions:

Who has the absolute advantage in making ice cream? Explain how you determined this.

Who has the comparative advantage in making ice cream? Explain how you determined this.

Compare the absolute advantage of making cake to the comparative advantage of making cake for the two sisters.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91707495

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