Solved

Consider the Following Scenario to Answer the Questions That Follow

Question 123

Multiple Choice

Consider the following scenario to answer the questions that follow.
On a particular Saturday, Mark Zuckerberg and Bill Gates can either plant trees or spread mulch in their gardens. Their maximum output per day is listed in the following table, along with blanks where you can calculate the opportunity cost.
Consider the following scenario to answer the questions that follow. On a particular Saturday, Mark Zuckerberg and Bill Gates can either plant trees or spread mulch in their gardens. Their maximum output per day is listed in the following table, along with blanks where you can calculate the opportunity cost.    -Who has an absolute advantage in spreading mulch? A)  Zuckerberg has the advantage because he gives up fewer trees each time he spreads one cubic yard of mulch. B)  Gates has the advantage because he gives up fewer trees each time he spreads one cubic yard of mulch. C)  Zuckerberg has the advantage because he gives up more trees each time he spreads one cubic yard of mulch. D)  Neither has an absolute advantage in spreading mulch. E)  Both parties have an absolute advantage in planting trees.
-Who has an absolute advantage in spreading mulch?


A) Zuckerberg has the advantage because he gives up fewer trees each time he spreads one cubic yard of mulch.
B) Gates has the advantage because he gives up fewer trees each time he spreads one cubic yard of mulch.
C) Zuckerberg has the advantage because he gives up more trees each time he spreads one cubic yard of mulch.
D) Neither has an absolute advantage in spreading mulch.
E) Both parties have an absolute advantage in planting trees.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions