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The table to the right shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles. |Barney 28 Fred Pogo Sticks 24 Which of the following statements is true? Unicycles 18 14 O A. Barney has an absolute advantage in making both products. O B. Barney has an absolute advantage in making pogo sticks and Fred in making unicycles. OC. Fred has an absolute advantage in making both products. O D. Barney has an absolute advantage in making unicycles and Fred in making pogo sticks.

The table to the right shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles. |Barney 28 Fred Pogo Sticks 24 Which of the following statements is true? Unicycles 18 14 O A. Barney has an absolute advantage in making both products. O B. Barney has an absolute advantage in making pogo sticks and Fred in making unicycles. OC. Fred has an absolute advantage in making both products. O D. Barney has an absolute advantage in making unicycles and Fred in making pogo sticks.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The table to the right shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles. |Barney 28 Fred Pogo Sticks 24 Which of the following statements is true? Unicycles 18 14 O A. Barney has an absolute advantage in making both products. O B. Barney has an absolute advantage in making pogo sticks and Fred in making unicycles. OC. Fred has an absolute advantage in making both products. O D. Barney has an absolute advantage in making unicycles and Fred in making pogo sticks.
Transcribed Image Text:The table to the right shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles. |Barney 28 Fred Pogo Sticks 24 Which of the following statements is true? Unicycles 18 14 O A. Barney has an absolute advantage in making both products. O B. Barney has an absolute advantage in making pogo sticks and Fred in making unicycles. OC. Fred has an absolute advantage in making both products. O D. Barney has an absolute advantage in making unicycles and Fred in making pogo sticks.
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