Use the following information for this question: Assume that the following table illustrates amount of 2 services that can be produced by 2 individuals in one day. For example, if Phineas spends an entire day doing just one activity, he can produce either collect 6 pitchers of lemonade or 36 cupcakes. If Phineas were to spend half the day on each activity, he would produce 3 pitchers of lemonade and 18 cupcakes, etc.    Phineas Ferb Pitchers of lemonade 6 5 Cupcakes 36 25 According to the Principle of Comparative Advantage...   Group of answer choices Ferb should specialize in producing cupcakes. Ferb should specialize in producing lemonade. Phineas should specialize in producing cupcakes. Phineas should specialize in producing lemonade.

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.