d.+1 pie and +2 ice cream QUESTION 2 Pie Tim Pies Dave 10 The graphs above c loe Cream loe Cream make in a given weekend. Use this to answer the questions that follow. Which of the following is true? O a. Tim has the absolute advantage at both ice cream and pies and Dave has the comparative advantage at ice cream Ob.Dave has the comparative advantage at pies and Tim has the comparative advantage at ice cream c. Tim has the comparative advantage at ice cream and pies d. Dave has the absolute and comparative advantage at ice cream and Tim has the absolute and comparative advantage at pies QUESTION 3
d.+1 pie and +2 ice cream QUESTION 2 Pie Tim Pies Dave 10 The graphs above c loe Cream loe Cream make in a given weekend. Use this to answer the questions that follow. Which of the following is true? O a. Tim has the absolute advantage at both ice cream and pies and Dave has the comparative advantage at ice cream Ob.Dave has the comparative advantage at pies and Tim has the comparative advantage at ice cream c. Tim has the comparative advantage at ice cream and pies d. Dave has the absolute and comparative advantage at ice cream and Tim has the absolute and comparative advantage at pies QUESTION 3
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:ples and no change in ce cream
Od.+1 pie and +2 ice cream
QUESTION 2
Pie
Tim
Pies
Deve
10
The graphs above de
loe Cream
loe Cream
make in a given weekend. Use this to answer the questions that follow.
Which of the following is true?
O a. Tim has the absolute advantage at both ice cream and pies and Dave has the comparative advantage at ice cream
Ob. Dave has the comparative advantage at pies and Tim has the comparative advantage at ice cream
OC. Tim has the comparative advantage at ice cream and pies
Od. Dave has the absolute and comparative advantage at ice cream and Tim has the absolute and comparative advantage at pies
QUESTION 3
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