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Title: Scenario: Mark can make three tables or one chair in a day, while John can make four tables or one ...
Post by: lvnrn2012 on Nov 27, 2022
Scenario: Mark can make three tables or one chair in a day, while John can make four tables or one chair in a day.


Refer to the scenario above. Which of the following is TRUE in this case?

▸ Mark has a comparative advantage in making tables.

▸ Mark has an absolute advantage in making tables.

▸ John has an absolute advantage in making tables.

▸ John has a comparative advantage in making chairs.


Title: Scenario: Mark can make three tables or one chair in a day, while John can make four tables or one ...
Post by: teamroket on Nov 27, 2022
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