Suppose you have comparative advantage at baking cookies, Microeconomics

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Suppose you have comparative advantage at baking cookies

Problem

1. What would it mean for you or the other volunteer to have a comparative advantage at baking cookies or cupcakes? Could one of you have a comparative advantage at baking both items?

2. Suppose you have a comparative advantage at baking cookies, and the other volunteer has a comparative advantage at baking cupcakes. Make a proposal to the volunteer about how to split up the baking. Explain how you can both gain from specializing, and why.

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Microeconomics: Suppose you have comparative advantage at baking cookies

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Microeconomics: Suppose you have comparative advantage at baking cookies

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