Business, 05.02.2021 21:30 leannaadrian
Person Opportunity cost of 1 jar of baby food Opportunity cost of 1 hot pretzel
Mary Ann 4 hours pretzels 1/4 of jar of baby food
Matthew 6 hot pretzels 1/6 of a jar of baby food
Based on the table above, which of the following statements is true?
a. Neither Judith nor Darshek has an absolute advantage in producing bottles of soda or hot pretzels.
b. Darshek has a comparative advantage in producing bottles of soda, while Judith has a comparative advantage in producing hot pretzels.
c. Both Judith and Darshek have a comparative advantage in producing bottles of soda or hot pretzels.
d. Darshek has a comparative advantage in producing hot pretzels, while Judith has a comparative advantage in producing bottles of soda.
Answers: 2
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Person Opportunity cost of 1 jar of baby food Opportunity cost of 1 hot pretzel
Mary Ann 4 hours pr...
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