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kwmusick kwmusick
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2 months ago
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?

▸ John has both comparative and absolute advantage in making tables.

▸ Mark has both comparative and absolute advantage in making chairs

▸ Mark has both comparative and absolute advantage in making tables.

▸ John has both comparative and absolute advantage in making chairs.
Textbook 

Macroeconomics


Edition: 3rd
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schoolkidchuckschoolkidchuck
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2 months ago
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John has both comparative and absolute advantage in making tables.

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kwmusick Author
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2 months ago
This site is awesome
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Good timing, thanks!
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this is exactly what I needed
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