Person Judith Matthew Opportunity cost of 1 jar of baby food 6 hot pretzels 8 hot pretzels Opportunity cost of 1 hot pretzel 1/6 of a jar of baby food 1/8 of a jar of baby food Based on the table above, which of the following statements is true? Choose one: O A. Matthew has a comparative advantage in producing hot pretzels, while Judith has a comparative advantage in producing jars of baby food. ⒸB. Matthew has a comparative advantage in producing jars of baby food, while Judith has a comparative advantage in producing hot pretzels O C. Neither Judith nor Matthew has an absolute advantage in producing jars of baby food or hot pretzels. O D. Both Judith and Matthew have a comparative advantage in producing jars of baby food or hot pretzels.

Person Judith Matthew Opportunity cost of 1 jar of baby food 6 hot pretzels 8 hot pretzels Opportunity cost of 1 hot pretzel 1/6 of a jar of baby food 1/8 of a jar of baby food Based on the table above, which of the following statements is true? Choose one: O A. Matthew has a comparative advantage in producing hot pretzels, while Judith has a comparative advantage in producing jars of baby food. ⒸB. Matthew has a comparative advantage in producing jars of baby food, while Judith has a comparative advantage in producing hot pretzels O C. Neither Judith nor Matthew has an absolute advantage in producing jars of baby food or hot pretzels. O D. Both Judith and Matthew have a comparative advantage in producing jars of baby food or hot pretzels.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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