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5 Oct 2018
Amount produced in 160 hours: Table 3-3 Labour Hours needed to make one unit of: Quilts Dresses Quilts 40 80 Helen Carolyn Dresses 10 16 16 10 11. Refer to Table 3-3. Which of the following is correct? a. Helen has an absolute advantage in dresses and Carolyn has a comparative advantage in quilts. b. Helen has an absolute advantage in both goods and Carolyn has a comparative advantage in dresses. c Helen has an absolute advantage in quilts and Carolyn has a comparative advantage in dresses. d. Helen has an absolute advantage in both goods and Carolyn has a comparative advantage in quilts.
Amount produced in 160 hours: Table 3-3 Labour Hours needed to make one unit of: Quilts Dresses Quilts 40 80 Helen Carolyn Dresses 10 16 16 10 11. Refer to Table 3-3. Which of the following is correct? a. Helen has an absolute advantage in dresses and Carolyn has a comparative advantage in quilts. b. Helen has an absolute advantage in both goods and Carolyn has a comparative advantage in dresses. c Helen has an absolute advantage in quilts and Carolyn has a comparative advantage in dresses. d. Helen has an absolute advantage in both goods and Carolyn has a comparative advantage in quilts.
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