Table 3.3
-Consider two individuals, Bob and Jerry, who produce guitars and banjos. Bob and Jerry's weekly productivity are shown in Table 3.3. Which of the following is true?
A) Bob has an absolute advantage in producing both goods, but no one has a comparative advantage in producing either good.
B) Bob has an absolute and a comparative advantage in producing both goods.
C) Bob has an absolute advantage in producing both goods, and a comparative advantage in producing guitars.
D) Bob has an absolute advantage in producing both goods, and a comparative advantage in producing banjos.

Question

Table 3.3
-Consider two individuals, Bob and Jerry, who produce guitars and banjos. Bob and Jerry's weekly productivity are shown in Table 3.3. Which of the following is true?
A) Bob has an absolute advantage in producing both goods, but no one has a comparative advantage in producing either good. 
B) Bob has an absolute and a comparative advantage in producing both goods. 
C) Bob has an absolute advantage in producing both goods, and a comparative advantage in producing guitars. 
D) Bob has an absolute advantage in producing both goods, and a comparative advantage in producing banjos.

Quizplus · Accepted Answer

The Answer of  Table 3.3
-Consider two individuals, Bob and Jerry, who produce guitars and banjos. Bob and Jerry's weekly productivity are shown in Table 3.3. Which of the following is true?
A) Bob has an absolute advantage in producing both goods, but no one has a comparative advantage in producing either good. 
B) Bob has an absolute and a comparative advantage in producing both goods. 
C) Bob has an absolute advantage in producing both goods, and a comparative advantage in producing guitars. 
D) Bob has an absolute advantage in producing both goods, and a comparative advantage in producing banjos.

Table 3.3 -Consider Two Individuals, Bob and Jerry, Who Produce Guitars and Guitars