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Unformatted text preview: All resources are used to max efficiency Shape in notebook Comparative Advantage Cain Abel Fish 1 2 Wheat 1 5 For working one hour with the same amount of resources Abel is a better worker David Ricardo Cain cost of 1 fish is 1 wheat, cost of 1 wheat is 1 fish Abel one fish = hr, 1 hour = 5 wheat, opp cost of one fish is 2.5 wheat, cost of one wheat is 0.4 fish. Comparative advantage*** (show logical computation)...
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