When mik has an absolute advantage in the production of two goods over tommy, mik?

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04-09-2017
Business

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When mik has an absolute advantage in the production of two goods over tommy, mik?

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Erudite1 Erudite1 · Answer 1 · 2017-09-11T17:25:41+02:00

Erudite1 Erudite1

11-09-2017

When milk has an absolute advantage in the production of two goods over Tommy, Milk IS MORE PRODUCTIVE IN PRODUCING BOTH GOODS THAN TOMMY.
A country or an individual is said to have absolute advantage in producing a good if the person can produce the good more efficiently economic wise.

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