Multiple Choice
Both Bill and Mary produce t-shirts and hats.If Bill's opportunity cost of 1 t-shirt is 4 hats and Mary's opportunity cost of 1 t-shirt is 3 hats,then
A) Bill has a comparative advantage in the production of t-shirts.
B) Mary has a comparative advantage in the production of t-shirts.
C) Mary has a comparative advantage in the production of hats.
D) Bill has a comparative advantage in the production of both t-shirts and hats.
Correct Answer:
Verified
Correct Answer:
Verified
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