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Business, 04.04.2020 12:17 mmimay3501

Timothy and John both work 8 hours a day. Both Timothy and John can produce shoes or clothes, though at different rates. For Timothy, he can produce 2 pairs of shoes per hour or 4 units of clothes per hour. For John, he produces 1 pair of shoes per hour, or 5 units of clothes per hour. has the absolute advantage in producing shoes and has the absolute advantage in producing clothes.

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Timothy and John both work 8 hours a day. Both Timothy and John can produce shoes or clothes, though...

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