The following figure shows the production possibilities curves (PPCs) of two individuals, Ryan and Tom.
-Refer to the figure above.Which of the following statements is true?
A) Ryan's opportunity cost of producing Good 1 is higher than that of Tom, whereas Tom's opportunity cost of producing Good 2 is higher than that of Ryan.
B) Ryan's opportunity cost of producing Good 2 is higher than Tom's opportunity cost of producing it.
C) Ryan has a comparative disadvantage in the production of both goods.
D) Tom has a comparative disadvantage in the production of both goods.
Correct Answer:
Verified
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