Biology Hudson OnlineECO202

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Hudson Online

ECO202: Principles of Microeconomics

Unit 2 AS1: Trade-offs

Student Name: Mariam Darwiche

Q1.

Serena

Haley

Bracelets

Necklaces

The table above shows the output per week of two jewelers, Serena and Haley. They

can either devote their time to making bracelets or making necklaces.

a) Who has the absolute advantage in making bracelets?Answer: Haley has a

comparative advantage in making bracelets

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Biology Hudson OnlineECO202

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Biology Hudson OnlineECO202

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Trusted by Thousands ofStudents

Albert

Anna

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Hill

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Kristopher

Resources

Company

Legal

Trusted by Thousands of
Students