PPF - Comparative Advantage and Absolute Advantage

Everyone has different levels of productivity. Who's better at making what? How do we define "better"?

Concept: Two PPFs, Specialization, and Absolute Advantage

5m

Concept: Opportunity Costs and Comparative Advantage

7m

Problem: Who has the absolute advantage in making scrambled eggs?


2m

Problem: Who has the absolute advantage in making fresh squeezed orange juice?


1m

Problem: Who has the comparative advantage in making scrambled eggs? 

3m

Problem: Who has the comparative advantage in making fresh squeezed orange juice? 

3m