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(Solved): Tom and Abby produce rackets and balls. The graphs show their production possibilities. Tom uses a ...



Tom and Abby produce rackets and balls. The graphs show their production possibilities.
Tom uses all his resources and produc

Tom and Abby produce rackets and balls. The graphs show their production possibilities. Tom uses all his resources and produces 2 rackets and 4 balls an hour. Abby uses all her resources and produces 2 rackets and 8 balls an hour. What is Tom's opportunity cost of producing a racket? What is Abby's opportunity cost of producing a racket? Who has a comparative advantage in producing balls? Who has a comparative advantage in producing rackets?


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Tom 2 rackets = 4 balls 1 racket = 2 balls Abby, 2 Rackets = 8 b
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