Multiple Choice
Figure 3-10
Alice and Betty's Production Possibilities in one 8-hour day.
-Refer to Figure 3-10.Which of the following statements is correct regarding absolute advantage?
A) Alice has an absolute advantage in the production of both lemonade and pizzas.
B) Betty has an absolute advantage in the production of both lemonade and pizzas.
C) Alice has an absolute advantage in the production of pizzas while Betty has an absolute advantage in the production of lemonade.
D) Alice has an absolute advantage in the production of lemonade while Betty has an absolute advantage in the production of pizzas.
Correct Answer:
Verified
Correct Answer:
Verified
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