Jack makes 2 kinds of beer: a lager and a stout. Every 3 months he can either
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Question:
Who has the absolute advantage in larger production and/or stout production, and why?
Who has the comparative advantage in larger production and/or stout production and why?
What is the opportunity cost of each beer for each person?
What is the name of the graph you could create with this information?
Given these facts what should these individuals do and why?
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