Table 3-4
Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.

-Refer to Table 3-4.The farmer has a comparative advantage in the production of
A) meat.
B) potatoes.
C) both goods.
D) neither good.

Question

Table 3-4
Assume that the farmer and the rancher can switch between producing meat and producing potatoes at a constant rate.
 
-Refer to Table 3-4.The farmer has a comparative advantage in the production of
A) meat. 
B) potatoes. 
C) both goods. 
D) neither good.

Quizplus · Accepted Answer

The farmer has a comparative advantage in the production of potatoes if they can produce potatoes at a lower opportunity cost compared to meat.

Table 3-4 Assume That the Farmer and the Rancher Can Switch Between