Smith and Jones comprise a two-person economy.Their hourly rates of production are shown below.
Refer to the table above.Suppose Smith and Jones begin by producing 100 calculators per hour;as Smith and Jones choose to efficiently produce fewer computers and more calculators,__________ devotes more time to calculators because his __________.
A) Smith;absolute advantage is larger
B) Jones;absolute advantage is smaller
C) Jones;opportunity costs are lower
D) Smith;opportunity costs are lower
Correct Answer:
Verified
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