Problem
Barney retires and is replaced by Bamm-Bamm Bamm-Bamm takes 1/2 hour to make a BB, 2/, hour to make a DD and has 8 hours of labor a day.
a) Draw Fred & Bamm-Bamm's PPFs.
b) Identify who, if anyone, has an absolute advantage in BB & DD.
c) Identify who, if anyone, has a comparative advantage in BB & DD.
d) Identify who should specialize in BB and whom in DD.