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Other Fields Homework Help Economics Topic started by: Crystalboo92 on Mar 4, 2019



Title: Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffles; Maria can make ...
Post by: Crystalboo92 on Mar 4, 2019

Question 1.

The ability to produce a good at a lower opportunity cost than others is known as

• specialization.

• absolute advantage.

• marginal cost production.

• comparative advantage.

Question 2.

Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffles; Maria can make either 8 pancakes or 2 waffles. According to this scenario, the opportunity cost of making one pancake for Jose is

• 2/5 waffle.

• 4 waffles.

• 2.5 waffles.

• 1/4 waffle.


Title: Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffles; Maria can make ...
Post by: mnp2357 on Mar 4, 2019
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Title: Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffles; Maria can make ...
Post by: Crystalboo92 on Mar 4, 2019
Thanks