In a period of one week, Mohammed can knit 5 sweaters or bake 240 cookies.In a period of one week, Tetah can knit 15 sweaters or bake 480 cookies.Which of the following best describes Mohammed's and Tetah's resource allocation?
A) Mohammed has the absolute and comparative advantage in both tasks.
B) Tetah has the absolute and comparative advantage in both tasks.
C) Mohammed has the absolute advantage in both tasks and the comparative advantage in knitting sweaters.
D) Tetah has the absolute advantage in both tasks and the comparative advantage in knitting sweaters.
Correct Answer:
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Q48: What can be concluded if Daniel produces
Q49: Exhibit 2-1 Q50: Exhibit 2-1 Q51: In the period of one week, Mohammed Q52: Exhibit 2-1 Q54: Exhibit 2-1 Q55: Exhibit 2-1 Q56: In the period of one week, Tetah Q57: Exhibit 2-1 Q58: Exhibit 2-1 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
