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Homework answers / question archive / The below figure shows the production possibilities frontiers (PPFs) of two persons, Balin and Fundin
The below figure shows the production possibilities frontiers (PPFs) of two persons, Balin and Fundin. Which of the following statements is true? Good 1 10 9 8 7 Balin's PPF Fundin's PPF 1 2 3 4 5 6 7 8 9 Good 2 Balin has a comparative advantage in the production of Good 1, whereas Fundin has a comparative advantage in the production of Good 2 Fundin has a comparative advantage in the production of both goods, Balin has a comparative advantage in the production of Good 2 whereas Fundin has a comparative advantage in the production of Good Balin has a comparative advantage in the production of both goods
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