Answer:
Comparing the opportunity cost and possible gains for both Juan and Wanda helps to determine which party should produce Pancakes and who should produce Bacon.
In other words, it reveals where their comparative advantages lie.
The party with the lowest opportunity cost in a particular product has the highest Comparative Advantage.
Explanation:
If for instance, the ratios give off Juan as having the highest opportunity cost in the production of Pancakes, when compared with Bacon and Wanda has the highest opportunity cost in the production of Bacon when compared to pancakes then Juan should focus on producing Bacon and Wanda Pancakes whilst they trade with each other for the other product where their comparative advantage is lowest.
Cheers!
C. A rise in literacy rates among the working classes
The availability of printed material during the Song Dynasty most likely resulted in a<span> rise in literacy rates among the working classes. the Song Dynasty was one of the most prosperous dynasties of the Chinese Empire and, accordingly to history, it had the potential for an industrial revolution.</span>
He thinks she will know because she is older and wiser while he is younger and not so smart
