Table 182
-Consider Two Individuals, Jesse and April, Who Hand Paint

question 188

Multiple Choice

$\begin{array}{|l|c|c|}\hline & \text { Kites /hour } & \begin{array}{c}\text { Snowboards } \\\text { hour }\end{array} \\\hline \text { Jesse } & 8 & 1 \\\hline \text { April } & 12 & 3\\\hline\end{array}$
Table 18.2
-Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 18.2 shows how much of each good Jesse and April can paint in one hour. Which of the following is true?

• A)Jesse has an absolute advantage in painting kites but not snowboards.
• B)Jesse has an absolute advantage in painting snowboards but not kites.
• C)Jesse has an absolute advantage in painting both goods.
• D)Jesse has an absolute advantage in painting neither good.

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Definitions:

Optimal Cost

The lowest possible cost at which a particular set of goods or services can be produced or acquired, taking into consideration factors such as efficiency and resource allocation.

Double-subscripted Variables

Variables in mathematical modeling that are indexed by two subscripts, often used to represent elements in matrices or two-dimensional arrays.

Price Range

The difference between the highest and lowest prices at which a commodity or service is traded over a particular period of time.