economics
Karen can make 15 wristbands and only three pot holders in one hour. Anna can make 12 wristbands but 2 potholders in one hour. What is the opportunity cost of a pot holder? Who has a comparative advantage in the production of pot holders?
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Answers
The opportunity cost of a pot holder is 3 wristbands. Karen has a comparative advantage in the production of pot holders because she can make more pot holders in one hour than Anna.
