Math Problem Statement
In a day, Jo can catch 90 lobsters, or 20 crabs. In a day, Dan can catch 45 lobsters, or 35 crabs.
(a) _______ has the comparative advantage in catching lobsters, and _______ has the absolute advantage in catching crabs.
Solution
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Math Problem Analysis
Mathematical Concepts
Opportunity Cost
Comparative Advantage
Absolute Advantage
Formulas
Opportunity cost for lobsters = (Crabs/Lobsters)
Opportunity cost for crabs = (Lobsters/Crabs)
Theorems
Law of Comparative Advantage
Law of Absolute Advantage
Suitable Grade Level
Grades 9-12
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