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EC102-2ASPRING09B - Nancy – Danish – 4/1.33 Nancy –...

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The Gains from Specialization and Trade (Calculate the opportunity cost of cookies and Danishes for Tom and Nancy) 1 Cookies D 1.33 1.33 4 C Nancy’s Factory Tom’s Factory 4.0
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O.C. of Danishes for Tom: 1.33 / 4, Has comparative advantage O.C. for Cookies for Tom: 4/1.33
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Unformatted text preview: Nancy – Danish – 4/1.33 Nancy – Cookies – 1.33/4, Has comparative Advantage Tom Trade Danishes since he has comparative advantage. Nancy Trade Cookies since she has comparative advantage. 2 Danishes...
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EC102-2ASPRING09B - Nancy – Danish – 4/1.33 Nancy –...

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