If Someone Has a Comparative Advantage in Growing Pineapples

question 90

Multiple Choice

If someone has a comparative advantage in growing pineapples,

• A) she can grow pineapples at a lower opportunity cost than other pineapple growers.
• B) she also has an absolute advantage in growing pineapples.
• C) she can grow more pineapples using the same resources than other pineapple growers.
• D) pineapples are the only product she can grow.

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Definitions:

Labor Distribution Report

A report issued by the payroll department to categorize all the types of labor incurred during the week.

Manufacturing Overhead-Applied

Refers to the allocation of all indirect costs of production to the products manufactured.

Manufacturing Overhead-Control

An account that tracks the costs associated with the manufacturing process that are not directly tied to the production of goods, such as utilities and manager salaries.

Labor Distribution Report

A detailed report showing the allocation of labor hours and costs across different jobs, departments, or tasks within an organization.