Scenario: Mark can make three tables and one chair in a day, while John can make four tables and one chair in a day.
-Refer to the scenario above.Which of the following is true in this case?
A) Mark has a comparative advantage in making tables.
B) John has a comparative advantage in making chairs.
C) Mark has an absolute advantage in making tables.
D) John has an absolute advantage in making tables.
Correct Answer:
Verified
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