Suppose Morgan can produce 50 pizzas or 200 beers in a day and Jack can produce 10 pizzas or 100 beers in a day. What is a price of a pizza that both Morgan and Jack can gain from trade by specializing in the good they produce at a comparative advantage in? They are trading only with one another. Group of answer choices a. 1 pizza sells for 3 beers b. 1 pizza sells for 20 beers c. 1 pizza sells for 6 beers d. 1 pizza sells for 2 beers

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Comparative Advantage and Absolute Advantage Analysis

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