On a Particular Saturday,Mark Zuckerberg and Bill Gates Can Either

question 168

Multiple Choice

On a particular Saturday,Mark Zuckerberg and Bill Gates can either plant trees or spread mulch in their gardens.Their maximum output per day is listed in the following table,along with spaces where you can calculate the opportunity cost.

-Based on this scenario,who has an absolute advantage in spreading mulch?

• A) Zuckerberg has the advantage because he gives up fewer trees each time he spreads 1 cubic yard of mulch.
• B) Gates has the advantage because he gives up fewer trees each time he spreads 1 cubic yard of mulch.
• C) Zuckerberg has the advantage because he gives up more trees each time he spreads 1 cubic yard of mulch.
• D) Neither has an absolute advantage in spreading mulch.
• E) Both parties have an absolute advantage in planting trees.

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Definitions:

Consumer Product Safety Commission

A U.S. government agency responsible for protecting the public from risks of injury or death from consumer products.

Mandatory Standards

Regulations or requirements that specify minimum acceptable levels for the safety, performance, or reliability of products, services, or practices.

Product Recall

The process of retrieving and replacing defective goods for consumers, typically initiated by the manufacturer or distributor when a safety or quality issue is identified.

Reasonable Basis

A legally justified reason for taking a particular action, often used in tax and legal contexts to demonstrate that decisions were made with adequate grounds.