Table 3-4 Alberta Manitoba Labour hours needed to make one unit Baskets 6 3 Birdhouses 2 4 Amount produced in 24 hours: Baskets Birdhouses 4 12 6 Refer to the table 3-4. Who has an absolute advantage in the production of each good? Select one: a Alberta has an absolute advantage in birdhouses, and Manitoba has an absolute advantage in baskets Ob Alberta has an absolute advantage in both goods, and Manitoba has an absolute advantage in neither good Oc Alberta has an absolute advantage in baskets, and Manitoba has an absolute advantage in birdhouses Od Alberta has an absolute advantage in neither good, and Manitoba has an absolute advantage in both goods

Table 3-4 Alberta Manitoba Labour hours needed to make one unit Baskets 6 3 Birdhouses 2 4 Amount produced in 24 hours: Baskets Birdhouses 4 12 6 Refer to the table 3-4. Who has an absolute advantage in the production of each good? Select one: a Alberta has an absolute advantage in birdhouses, and Manitoba has an absolute advantage in baskets Ob Alberta has an absolute advantage in both goods, and Manitoba has an absolute advantage in neither good Oc Alberta has an absolute advantage in baskets, and Manitoba has an absolute advantage in birdhouses Od Alberta has an absolute advantage in neither good, and Manitoba has an absolute advantage in both goods

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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