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If Abigail can produce 4 portable power banks or 3 smartphones in a day, while Jacob can produce 1 ...

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If Abigail can produce 4 portable power banks or 3 smartphones in a day, while Jacob can produce 1 ...

If Abigail can produce 4 portable power banks or 3 smartphones in a day, while Jacob can produce 1 portable power bank or 2 smart phones, then it is correct to state that
A) Abigail has a comparative advantage in producing smartphones.
B) Abigail has an absolute advantage in producing portable power banks but not smartphones.
C) Jacob has a comparative advantage in smartphones.
D) Jacob has an absolute advantage in smartphones.

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Economics Today: The Micro View

Edition: 19^th

Author: Miller

Read 41 times

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hkk Author

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Keep it up 10/10

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