If you can complete a task at a lower opportunity cost than anyone else, then you
A)produce the good using fewer inputs than anyone else.
B)produce the good using more inputs than anyone else.
C)have an absolute advantage in that task.
D)have a comparative advantage in that task.

Question

Quizplus · Accepted Answer

Having a lower opportunity cost means that you have a comparative advantage in that task. This means that you give up less of one good in order to produce another good compared to anyone else. It does not necessarily mean that you produce the good using fewer inputs than anyone else.

If You Can Complete a Task at a Lower Opportunity