Suzy and Andre need to complete their chores before they are allowed to go out and...
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Suzy and Andre need to complete their chores before they are allowed to go out and play with their friends. Friendship bracelets are all the rage among their friend group. Both Suzy and Andre need to make bracelets so that they can participate in sharing them with their friends. Suzy can make 2 beds in 10 minutes and 3 bracelets in 30 minutes. Andre can make 4 beds in 15 minutes and 2 bracelets in 30 minutes. They are supposed to meet their friends in 1 hour and their parent has asked them to make 12 beds in this time. If Suzy and Andre specialize in the good for which they have a comparative advantage, how many beds will be made and bracelets produced? a. 12 beds, 4 bracelets O b. 6 beds, 12 bracelets C. 12 beds, 6 bracelets O d. 12 beds, 7 bracelets Suzy and Andre need to complete their chores before they are allowed to go out and play with their friends. Friendship bracelets are all the rage among their friend group. Both Suzy and Andre need to make bracelets so that they can participate in sharing them with their friends. Suzy can make 2 beds in 10 minutes and 3 bracelets in 30 minutes. Andre can make 4 beds in 15 minutes and 2 bracelets in 30 minutes. They are supposed to meet their friends in 1 hour and their parent has asked them to make 12 beds in this time. If Suzy and Andre specialize in the good for which they have a comparative advantage, how many beds will be made and bracelets produced? a. 12 beds, 4 bracelets O b. 6 beds, 12 bracelets C. 12 beds, 6 bracelets O d. 12 beds, 7 bracelets
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This is a classic example of the principle of comparative advantage where two individuals can benefi... View the full answer
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