Tom can solve 10 math problems or write 2 short stories in anhour. Susan can solve 15 math problems

Tom can solve 10 math problems or write 2 short stories in anhour. Susan can solve 15 math problems or write 2 short stories inan hour. Assuming each person produces correct math solutions andstories of equally quality, answer the questions below. Make sureto explain your reasoning. a. Explain who has an absolute advantage and in what product?

b. Explain whether or not there is any basis for trade between Tomand Susan? Who should produce what?

c. Explain how can Susan gain anything in trading with Tom? . . .

 
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