23 Someone has a comparative advantage in producing a good whena) one has specific training in the production of that good.b) one's opportunity cost is constant.O c) one's opportunity cost of producing that good is lower than that of otherproducers.d)one can produce more of the good than someone else using the sameresources.O e) one enjoys producing that good.

Answer Explanation Comparitive advantage is a firms ability to produce a good at a lower opportunity…

Someone has a comparative advantage in producing a good when a) one has specific training in the production of that good. b) one's opportunity cost is constant. O o) one's opportunity cost of producing that good is lower than that of other producers. O d) one can produce more of the good than someone else using the same d) resources. O e) one enjoys producing that good.

Someone has a comparative advantage in producing a good when a) one has specific training in the production of that good. b) one's opportunity cost is constant. O o) one's opportunity cost of producing that good is lower than that of other producers. O d) one can produce more of the good than someone else using the same d) resources. O e) one enjoys producing that good.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 4SCQ: What are the similarities between a consumers budget constraint and societys production...

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