Who has a comparative adv in nails?

Bob and Jack can both produce guns and nails using the same amount of resources. The table below sh Show more Bob and Jack can both produce guns and nails using the same amount of resources. The table below shows the amount of guns and nails they can produce Bob Jack Guns Nails Guns Nails 12; 0; 6; 0; 3; 3; 3; 3; 0; 4; 0; 6; a) Construct a PPF for Bob and Jack. Is there an absolute advantage for either in guns or nails? Explain b) Who has a comparative adv in guns? Who has a comparative adv in nails? Explain your answer. c) If both Bob and Jack are producing 3000 guns and 3000 nails show with the help of a diagram that both would be better off if they specialized and traded. d) Using the concept of increasing opportunity cost explain why the PPF of Bob and Jack is possible. Show less

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