Mac Can Bake More Cookies Than Monica Per Hour

question 94

Multiple Choice

Mac can bake more cookies than Monica per hour. It must be true that

• A)Monica has an absolute advantage in cookie baking.
• B)Mac has an absolute advantage in baking cookies.
• C)Mac cannot benefit by trade between the two of them.
• D)Mac has a comparative advantage in baking cookies.
• E)Monica has a comparative advantage in baking cookies.

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Definitions:

Probability Histogram

A graphical representation that displays the probability distribution of a discrete variable.

Simple Events

Events in probability that consist of a single outcome and cannot be broken down further.

Mutually Exclusive

Refers to events that cannot happen at the same time, meaning the occurrence of one event excludes the possibility of the other.

Microsoft Office 2003

A suite of productivity software released by Microsoft, including applications such as Word, Excel, and PowerPoint, used for document creation, calculation, and presentation.