Assume that Huang and Min can switch between producing parašols and producing porcelain plates at a constant rate. Labor Hours Needed Quantity Produced to Make 1 in 36 Hours Parasol Plate Parasol Plate Huang 2. 6. 18 6. Min 18 9. Min has an absolute advantage in the production of O a. neither good and a comparative advantage in the production of parasols. O b. parasols and a comparative advantage in the production of plates. O c. neither good and a comparative advantage in the production of plates. O d. plates and a comparative advantage in the production of plates.
Assume that Huang and Min can switch between producing parašols and producing porcelain plates at a constant rate. Labor Hours Needed Quantity Produced to Make 1 in 36 Hours Parasol Plate Parasol Plate Huang 2. 6. 18 6. Min 18 9. Min has an absolute advantage in the production of O a. neither good and a comparative advantage in the production of parasols. O b. parasols and a comparative advantage in the production of plates. O c. neither good and a comparative advantage in the production of plates. O d. plates and a comparative advantage in the production of plates.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Assume that Huang and Min can switch between producing parašols and producing porcelain plates at a constant rate.
Labor Hours Needed Quantity Produced
to Make 1
in 36 Hours
Parasol
Plate
Parasol
Plate
Huang
6.
18
6.
Min
18
9.
Min has an absolute advantage in the production of
O a. neither good and a comparative advantage in the production of parasols.
O b. parasols and a comparative advantage in the production of plates.
O c. neither good and a comparative advantage in the production of plates.
O d. plates and a comparative advantage in the production of plates.
2.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fce98e88c-afad-4d24-9489-05e3f992006b%2F29bfd634-29f0-4ad9-8136-cb841dd3eb70%2Fwlq1yp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Assume that Huang and Min can switch between producing parašols and producing porcelain plates at a constant rate.
Labor Hours Needed Quantity Produced
to Make 1
in 36 Hours
Parasol
Plate
Parasol
Plate
Huang
6.
18
6.
Min
18
9.
Min has an absolute advantage in the production of
O a. neither good and a comparative advantage in the production of parasols.
O b. parasols and a comparative advantage in the production of plates.
O c. neither good and a comparative advantage in the production of plates.
O d. plates and a comparative advantage in the production of plates.
2.
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