Table 3-33
Chris and Tony's Production Opportunities
-Refer to Table 3-33 Chris and Tony both produce tomatoes and pasta sauce. The table shows their possible production per month if both work the same number of 8 hour days. Which of the following statements is correct?
A) Tony has a comparative advantage in the production of sauce.
B) Chris has a comparative advantage in the production of tomatoes.
C) Tony has an absolute advantage in the production of tomatoes.
D) Chris has an absolute advantage in the production of tomatoes.
Correct Answer:
Verified
Q122: Figure 3-23
The graph below represents the various
Q127: Figure 3-23
The graph below represents the various
Q128: Figure 3-23
The graph below represents the various
Q133: Figure 3-24
The production possibilities frontiers below show
Q335: Table 3-33
Chris and Tony's Production Opportunities