This 24 of 65 (15 complete) This T og Tony and Patty produce skis and snowboards

Question

This 24 of 65 (15 complete) This T og Tony and Patty produce skis and snowboards. Tony's Production Possiblities ate The tables show their production possibilities. ite Each week, Tony produces 2 snowboards and 16 skis and Patty produces 4 Snowboards per wwek) 10 Skis par weak) snowboards and 2 skis. and 4 Tu Tony's opportunity cost of producing a snowboard is skis and Patty's opportunity cost of producing a snowboard is skis. Patty has a comparative advantage in producing snowboards if and 12 2 and 16 o and 20 Patty's Production Possibilitios Tu, A. Patty produces snowboards at a higher opportunity cost than Tony by OB. Patty uses fewer rosources than Tony to produce a snowboard Snowboards when all of Patty's resources are used to produce snowboards, Patty produces more snowboards than Tony OC. and and 2 37O D. Patty produces snowboards at a lower opportunity cost than Tony 0and4 Click to select your answerls). 01/08/18 ASSESS Chapter 12 Quiz 25 MacBook Air 8 6 3

Explanation / Answer

Tony's opportunity cost of producing a snowboard = 20/10 = 2 skis (= maximum skis that can be produced with the given resources / maximum snowboards that can be produced with the given resources)

Patty's opportunity cost of producing a snowboard = 4/8 = 0.5 skis

Option D is correct

Patty has a comparative advantage in producing snowboards if Patty produces snowboards at a lower opportunity cost than Tony.

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