Solved

Given the Production Possibility Tables for First and Second Bakeries

Question 95

Multiple Choice

Given the production possibility tables for First and Second Bakeries presented below,what must be true? Given the production possibility tables for First and Second Bakeries presented below,what must be true?   A)  First Bakery has a comparative advantage in the production of both goods. B)  Second Bakery has a comparative advantage in the production of pies. C)  First Bakery has a comparative advantage in the production of pies. D)  Neither bakery has a comparative advantage. E)  Neither bakery has an absolute advantagE.


A) First Bakery has a comparative advantage in the production of both goods.
B) Second Bakery has a comparative advantage in the production of pies.
C) First Bakery has a comparative advantage in the production of pies.
D) Neither bakery has a comparative advantage.
E) Neither bakery has an absolute advantagE.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents