Business, 08.02.2021 23:40 linkhyrule1138

Mackenzie and Eli can produce two goods: lunches and dinners. Mackenzie can produce 36 lunches or 45 dinners in single day and Eli can produce 60 lunches or 50
dinners in a single day. Which of the following statements is true?

A. Eli has absolute advantage in producing both goods but Mackenzie has comparative
advantage in producing dinners, therefore both may benefit if Eli specializes in
lunches and Mackenzie specializes in dinners.

B. Eli has absolute advantage in the production of both goods and therefore has no
potential benefit from specializing and trading with Mackenzie.

C. Eli has absolute advantage in the production of lunches and therefore should
specialize in the production of lunches and Mackenzie should specialize in the
production of dinners.
They produce more lunches, and therefore would be better off producing only lunches
and not trading.

D. Eli has comparative advantage in both goods and therefore has no potential benefit
from specializing and trading with Mackenzie.

Answers: 2

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Mackenzie and Eli can produce two goods: lunches and dinners. Mackenzie can produce 36 lunches or 4...

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