Kate and Jim can each use their time to fish or gather coconuts. The table below gives the times it requires Jim to perform both tasks (read the entries carefully):
Jim
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Kate
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Time required to gather one coconut
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Time required to catch one fish
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Time required to gather one coconut
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Time required to catch one fish
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1 hour per coconut
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2 hours per fish
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|
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I want you to come up with two required times for Kate which would give Kate the absolute advantage in catching fish, but which would also give Jim the comparative advantage in catching fish. The purpose of including this question is to prove to you that a person can have an absolute advantage in producing some good without necessarily having a comparative advantage on producing that good.