Table: Madeline's Preferences for T-Shirts and Coffee Consumption Bundle Quantity of T-Shirts Quantity of Coffee (cups) 30 24 4 21 5 D. 19 18 Reference: Ref 10-21 According to Madeline's Preferences for T-Shirts and Coffee, if Consumption Bundles B an Care on the same indifference curve, then OA the 5th cup of Coffee provides the same amount of utility as the 24th, 23rd, and 22nd T-Shirts (combined) B. 24 T-Shirts provides the same amount of utility as 4 cups of Coffee C. the Bundie B must provide more utility than Bundle C D.4 cups of Coffee provide the same amount of utility as 21 T-Shirts E. the Bundie D cannot possibly be on the same indifference curve

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Comparative Advantage and Absolute Advantage Analysis

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