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Tom and Jerry have two tasks to do all day: make dishes and build fences. If...

Tom and Jerry have two tasks to do all day: make dishes and build fences. If Tom spends all day making dishes, he will make 16 dishes. If he instead devotes his day to building fences, Tom will build 4 fences. If Jerry spends his day making dishes, he will make 14 dishes; if he spends the day building fences, he will build 7 fences. Because Tom has a ____________ opportunity cost for one fence compared to Jerry, we know Tom has _________________________.
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Answer #1

Solution :-

Tom has a HIGHER opportunity cost for one fence compared to Jerry, we know Tom has THE COMPARATIVE ADVANTAGE IN DISH PRODUCTION.

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