Create a simple sketch showing what Hawkins and Crusoe could produce if the two men lived independently on different sides of the island. Then in one or two sentences write a caption to explain why Hawkins has an absolute advantage in food production. Use the term absolute advantage.
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03-02-2022
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Create a simple sketch showing what Hawkins and Crusoe could produce if the two men lived independently on different sides of the island. Then in one or two sentences write a caption to explain why Hawkins has an absolute advantage in food production. Use the term absolute advantage.
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jayilych4real jayilych4real · Answer 1 · 2022-02-10T08:05:54-05:00

If two men are producing the same good, but one of them is producing more, with the same constraints, then he has an absolute advantage.

What is Absolute Advantage?

This refers to the economic principle which means that one particular entity is able to manufacture a greater quantity of goods in a more efficient manner than their competitors.

Please note that your question is incomplete so I gave you a general description to help you better understand the concept.

Some of the factors that can affect absolute advantage are:

Cheaper materials
Less time used to produce the good
Cheaper labor, etc

Read more about absolute advantage here:
https://brainly.com/question/8141905

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What is Absolute Advantage?

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