Labour hours needed to make 1 kilogram: Meat Kilograms produced in 12 hours: Potatoes 12 Potatoes Meat Farmer 4 1 3 Rancher 4 6 3 2 28. Refer to the above table. What does each producer have an absolute advantage in? The farmer has an absolute advantage in meat, and the rancher has an absolute advantage in potatoes. а. b. The farmer has an absolute advantage in neither, and the rancher has an absolute advantage in meat. The farmer has an absolute advantage in potatoes good, and the rancher has an absolute advantage in both goods. C. The farmer has an absolute advantage in potatoes, and the rancher has an absolute

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Labour hours needed to make 1 kilogram:
Kilogram s produced in 12 hours:
Meat
Meat
Potatoes
Potatoes
Famer
4
1
3
12
Rancher
4
6
3
2
28.
Refer to the above table. What does each producer have an absolute advantage in?
The farmer has an absolute advantage in meat, and the rancher has an absolute
advantage in potatoes.
а.
b.
The farmer has an absolute advantage in neither, and the rancher has an absolute
advantage in meat.
The farmer has an absolute advantage in potatoes good, and the rancher has an
absolute advantage in both goods.
C.
d.
The farmer has an absolute advantage in potatoes, and the rancher has an absolute
advantage in neither good.
Transcribed Image Text:Labour hours needed to make 1 kilogram: Kilogram s produced in 12 hours: Meat Meat Potatoes Potatoes Famer 4 1 3 12 Rancher 4 6 3 2 28. Refer to the above table. What does each producer have an absolute advantage in? The farmer has an absolute advantage in meat, and the rancher has an absolute advantage in potatoes. а. b. The farmer has an absolute advantage in neither, and the rancher has an absolute advantage in meat. The farmer has an absolute advantage in potatoes good, and the rancher has an absolute advantage in both goods. C. d. The farmer has an absolute advantage in potatoes, and the rancher has an absolute advantage in neither good.
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