The table below shows the number of labor minutes it takes for each employee to produce one pizza and one salad. Compare all 3 employees to one another and determine which one of the following statements is true? Select one: a. Carter has a comparative advantage in making Salad b. Carter has an absolute advantage in both products c. Melanie has a comparative advantage in making Pizza d. Jackson has a comparative advantage in making Salad e. Melanie has a comparative advantage in making Salad f. Jackson has an absolute advantage in both products g. Carter has a comparative advantage in making Pizza

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter14: Transaction Costs, Asymmetric Information, And Behavioral Economics
Section: Chapter Questions
Problem 4.10P
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The table below shows the number of labor minutes it takes for each employee to produce one pizza and one salad. Compare all 3 employees to one another and determine which one of the following statements is true?

 

Select one:

a. Carter has a comparative advantage in making Salad

b. Carter has an absolute advantage in both products

c. Melanie has a comparative advantage in making Pizza

d. Jackson has a comparative advantage in making Salad

e. Melanie has a comparative advantage in making Salad

f. Jackson has an absolute advantage in both products

g. Carter has a comparative advantage in making Pizza 

Pizza
Carter
15
Melanie 19
Jackson
14
Salad
7
8
9
Transcribed Image Text:Pizza Carter 15 Melanie 19 Jackson 14 Salad 7 8 9
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