Productivity Table Soup per unit of labor Swords per unit of labor Wesley 30 25 Fezzik 10 30 Which of the following is true? Fezzik has the absolute advantage in swords and the comparative advantage in swords. Fezzik and Wesley both have the comparative advantage in soup. Wesley has the absolute advantage in soup and the comparative advantage in soup. Wesley has the comparative advantage in swords and the absolute advantage in soup
Productivity Table Soup per unit of labor Swords per unit of labor Wesley 30 25 Fezzik 10 30 Which of the following is true? Fezzik has the absolute advantage in swords and the comparative advantage in swords. Fezzik and Wesley both have the comparative advantage in soup. Wesley has the absolute advantage in soup and the comparative advantage in soup. Wesley has the comparative advantage in swords and the absolute advantage in soup
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Productivity Table | ||
Soup per unit of labor | Swords per unit of labor | |
Wesley | 30 | 25 |
Fezzik | 10 | 30 |
Which of the following is true?
Fezzik has the absolute advantage in swords and the comparative advantage in swords.
Fezzik and Wesley both have the comparative advantage in soup.
Wesley has the absolute advantage in soup and the comparative advantage in soup.
Wesley has the comparative advantage in swords and the absolute advantage in soup
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