Math Assignment


4) Nancy has absolute advantage over Bill in replacing a clutch.


Bill has comparative advantage over Nancy in replacing a set of brakes.


5)




64


Loafs of bread


24


Dresses


6a) Not attainable


b) Attainable and efficient


c) Attainable


7)




64


Loafs of bread


24


64


Dresses


8) If we produce a good more efficiently we can produce many more goods in the same time period or use the extra time to produce another good.