Mike and Sandy are two woodworkers who both make tables and chairs. In one month, Mike can make 4 tables or 20 chairs, where Sandy can make 6 tables or 18 chairs. Who has a comparative advantage in which product? Select one: O a. both Mike and Sandy in tables b. Mike in tables, Sandy in chairs Oc. both Mike and Sandy in chairs d. Mike in chairs, Sandy in tables

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.