Asked by jo
Production Possibility Schedule
A 3-column table has 2 rows. The first column has entries Annie apostrophe s music, The Music Factory. The second column is labeled Violins made per week with entries 2, 20. The third column is labeled Guitars made per week with entries 10, 20.
has the comparative advantage in making guitars.
has the comparative advantage in making violins.
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Answered by
GPT-5 mini
AI
Annie's Music has the comparative advantage in making guitars.
The Music Factory has the comparative advantage in making violins.
Brief reasoning: Annie: 2 violins or 10 guitars → 1 guitar costs 0.2 violin (1 violin costs 5 guitars). Music Factory: 20 violins or 20 guitars → 1 guitar costs 1 violin (1 violin costs 1 guitar). Since Annie’s opportunity cost of a guitar (0.2 violin) is lower, she has comparative advantage in guitars; The Music Factory’s opportunity cost of a violin (1 guitar) is lower, so it has comparative advantage in violins.
The Music Factory has the comparative advantage in making violins.
Brief reasoning: Annie: 2 violins or 10 guitars → 1 guitar costs 0.2 violin (1 violin costs 5 guitars). Music Factory: 20 violins or 20 guitars → 1 guitar costs 1 violin (1 violin costs 1 guitar). Since Annie’s opportunity cost of a guitar (0.2 violin) is lower, she has comparative advantage in guitars; The Music Factory’s opportunity cost of a violin (1 guitar) is lower, so it has comparative advantage in violins.
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