Table 3-6 Assume That Maya and Miguel Can Switch Between Producing Mixers

question 35

Multiple Choice

Table 3-6
Assume that Maya and Miguel can switch between producing mixers and producing toasters at a constant rate.

-Refer to Table 3-6.Maya has an absolute advantage in the production of

• A) both goods and a comparative advantage in the production of mixers.
• B) both goods and a comparative advantage in the production of toasters.
• C) neither good and a comparative advantage in the production of mixers.
• D) neither good and a comparative advantage in the production of toasters.

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Definitions:

Set of Data

An assembly of quantitative or qualitative values gathered for analysis or observation.

Median

The middle value in a data set, which divides the set into two equal halves.

Mean

The arithmetic average of a set of numbers, found by dividing the sum of all values by the number of values.

Mean

The mean of a collection of numbers, determined by summing up all the numbers and then dividing by the total number of values.