When a person has a comparative advantage in producing a good or service, the person has
A)an increasing marginal benefit in producing the good.
B)a decreasing opportunity cost in producing that product.
C)a constant opportunity cost in producing that product.
D)a higher opportunity cost in producing that product than someone else.
E)a lower opportunity cost in producing that product than someone else.

Question

Quizplus · Accepted Answer

A person has a comparative advantage in producing a good or service when they can produce it at a lower opportunity cost compared to others.

When a Person Has a Comparative Advantage in Producing a Good