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Directions:
You are getting ready to open The Shoe Hut, but you need to need to determine
whether you have the absolute or comparative advantage in the production of
specific items. This will help you determine which product is the best for
specialization.
Running shoe
Combinations Hiking boot inserts
inserts
A
B
C
D
E
F
2. Use the information from your production possibilities schedule to create your
production possibilities curve by filling in the following graph. Use textboxes to
insert text, and use lines and circles from the shapes function to illustrate your
production possibilities. Be sure to mark points A through F on the graph. (5
points)
4. Based on the information you used to create your schedule and curve, which
product would you recommend the Shoe Hut focus on, and why? Provide
details that support your answer. (5 points)