Multiple Choice
Scenario: Mark can make three tables and one chair in a day, while John can make four tables and one chair in a day.
-Refer to the scenario above.Which of the following is true in this case?
A) Mark has both comparative and absolute advantage in making tables.
B) John has both comparative and absolute advantage in making tables.
C) Mark has both comparative and absolute advantage in making chairs
D) John has both comparative and absolute advantage in making chairs.
Correct Answer:
Verified
Correct Answer:
Verified
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