John and Tracy are two woodworkers who both make tables and chairs. In one month, John can make 3 tables or 18 chairs, whereas Tracy can make 8 tables or 24 chairs. Given this, we know that Select one: a. Tracy has an absolute advantege in chairs. b.John has an absolute advantage in chairs. c.John has a comparative advantage in tables. d. Tracy has a comparative advantage in chairs.

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John and Tracy are two woodworkers who both make tables and chairs. In one month, John can make 3 tables or 18 chairs, whereas Tracy can make 8 tables or 24
chairs. Given this, we know that
Select one:
a. Tracy has an absolute advantage in chairs.
b.John has an absolute advantage in chairs.
c.John has a comparative advantage in tables.
d. Tracy has a comparative advantage in chairs.
Finish attempt...
Jump to.
MOHAMMED MUNIR AHM MUKHALALATI
Get the m
99
Transcribed Image Text:John and Tracy are two woodworkers who both make tables and chairs. In one month, John can make 3 tables or 18 chairs, whereas Tracy can make 8 tables or 24 chairs. Given this, we know that Select one: a. Tracy has an absolute advantage in chairs. b.John has an absolute advantage in chairs. c.John has a comparative advantage in tables. d. Tracy has a comparative advantage in chairs. Finish attempt... Jump to. MOHAMMED MUNIR AHM MUKHALALATI Get the m 99
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