Use the Table Below to Answer the Following Questions

question 59

Multiple Choice

use the Table below to answer the following questions :

-Given an eight-hour workday,which statement best describes the absolute advantage evident in the table?

• A) Jay-Z has an absolute advantage in making pizzas,and Solange has an absolute advantage in making cheesesteaks.
• B) Solange has an absolute advantage in making pizzas,and Jay-Z has an absolute advantage in making cheesesteaks.
• C) Jay-Z has an absolute advantage in the production of both foods.
• D) Solange has an absolute advantage in the production of both foods.
• E) Neither party has an absolute advantage.

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Definitions:

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures, accounting for its current market price, face value, interest rate, and time to maturity.

Face Value

The original cost of a security or bond, as printed on the certificate, which does not change over time.

Coupon Rate

The interest rate specified on a bond or other fixed income security that the issuer promises to pay to the holder until maturity.

Current Yield

is the annual income (interest or dividends) divided by the current price of the security, used to assess the return of an investment.