Unformatted text preview: the outputs are: Wash Wax Peter 4 4 Paul 12 8 16 12 They can do better by having Peter only waxing and Paul increasing the time allocated to washing by 2 hours: Wash Wax Peter 8 Paul 18 4 18 12 B. Rick can either catch four birds or two fish per day. Sue can either catch twelve birds or four fish per day. Cost to Rick per fish = 2 birds Cost to Sue per fish = 3 birds...
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This note was uploaded on 09/08/2010 for the course ECON 1B at San Jose State.
- Comparative Advantage