Ask Question
12 May, 02:10

Ginger and Maryann are lost in the jungle, where the only things to eat are mangoes and fish. Ginger can gather mangoes faster than Maryann and can also catch more fish per hour than can Maryann. Therefore,

A. Ginger should specialize in fishing because it is harder than gathering mangoes, and Maryann should specialize in gathering mangoes.

B. Ginger should strike out on her own, because Maryann reduces their combined productivity.

C. Maryann should specialize in the activity for which she has a comparative advantage.

D. Ginger should specialize in the activity for which she has an absolute advantage.

+5
Answers (1)
  1. 12 May, 05:04
    0
    C. Maryann should specialize in the activity for which she has a comparative advantage.

    Explanation: Being able to produce goods by using fewer resources, at a lower opportunity cost is comparative advantage. Maryann should specialize in the activity where she has this.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Ginger and Maryann are lost in the jungle, where the only things to eat are mangoes and fish. Ginger can gather mangoes faster than Maryann ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers