Solved

Tom and Jerry Have Two Tasks to Do All Day

Question 100

Multiple Choice

Tom and Jerry have two tasks to do all day: make dishes and build fences.If Tom spends all day making dishes,he will have make 16 dishes.If he instead devotes his day to building fences,Tom will build 4 fences.If Jerry spends his day making dishes,he will make 14 dishes; if he spends the day building fences,he will build 7 fences.Jerry has a comparative advantage in:


A) dish production because he has the lower opportunity cost of a dishes.
B) dish production because he has the higher opportunity cost of a dishes.
C) fence production because he has the lower opportunity cost of a fence.
D) fence production because he has the higher opportunity cost of a fence.

Correct Answer:

verifed

Verified

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

Related Questions