Question

the table illustrates that in one day tristan can produce either 12 fishing lures or more...

the table illustrates that in one day tristan can produce either 12 fishing lures or more 3 lawns while thomas can produce either 6 fishing lures or mow 6 lawns.... spores in total between the two of them they need to mow exactly 5 lawns in one day to maximize their overall production who should move the lawn or how many long should they each month

Homework Answers

Answer #1

To maximize their total production, each should to the activity of their comparative advantage.
Opportunity cost of 1 fishing lure for Tristan = lawns given up/Fishing lures produced = 3/12 = 0.25 lawn
Opportunity cost of 1 fishing lure for Thomas = lawns given up/Fishing lures produced = 6/6 = 1 lawn
Tristan has a comparative advantage in producing fishing lures and thus Thomas has a comparative advantage in mowing lawns.

So, to maximize total production, Thomas should mow the lawn and he will mow 30*6 = 180 lawns each month.
Tristan should produce fishing lures and will produce 20*12 = 240 fishing lures per month.

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