Question

Part 2: if jill and bryan were to completely specialize in the good in which they had a comparative advantage, how much would each person produce? identify the production points on the production possibilities frontier for both jill and bryan. plot the point for jill and label it "a." plot the point for bryan and label it "b."

Answer 1

Answer:

Grade Exams Test questions

Jill         20                   40

Bryan 30                   20

Opportunity cost of helping grade exams,  

Jill- 40/20= 2

Bryan- 20/30=2/3

Opportunity cost of heling in test questions,  

Jill- 20/40=1/2

Bryan- 30/20= 3/2

Jill has a lower opportunity cost of helping in test questions. Thus it has a comparative advantage in test questions. While, Bryan has a lower opportunity cost in grade exams. Thus is has a comparative advantage in grade exams.  

Jill will therefore produce, 40 Test questions and Bryan will produce 30 grade exams.