Two women michelle and tracy are stranded on an island, Ask an Expert

Economics

Two women, Michelle and Tracy, are stranded on an island. Michelle can catch 8 fish per hour or gather 10 coconuts per hour. Tracy can catch 10 fish per hour or gather 40 coconuts per hour.

Please fully explain and justify who has:

(a) an absolute advantage in producing both products,

(b) a comparative advantage in gathering coconuts, and

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92000296

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