An individual has an absolute advantage in producing pizzas if that individual:
A)has a lower opportunity cost of producing pizzas than anyone else.
B)can produce more pizzas in a given amount of time than anyone else.
C)has a higher opportunity cost of producing pizzas than anyone else.
D)charges the lowest price for pizzas.

Question

Quizplus · Accepted Answer

Absolute advantage means being able to produce more in a given time period.

An Individual Has an Absolute Advantage in Producing Pizzas If