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texasmade2550 texasmade2550
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A year 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?

▸ 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.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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dhk72dhk72
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A year ago
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texasmade2550 Author
wrote...

A year ago
Smart ... Thanks!
elizabetheldrid
wrote...

Yesterday
Good timing, thanks!
Morgan-C
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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