Table 3-1 -According to Table 3-1:
A)the Cattle Farmer Has a Comparative

question 123

Multiple Choice

Table 3-1
$\begin{array}{|l|c|c|c|c|}\hline&\text { Labour hours needed to make } 1 \mathrm{~kg} \text { of: }&&\text { Kgs produced in } 20 \text { hours: }\\\hline & \text { Meat } & \text { Potatoes } & \text { Meat } & \text { Potatoes } \\\hline \text { Potato farmer } & 10 & 5 & 2 & 4 \\\hline \text { Zattle farmer } & 4 & 1 & 5 & 20 \\\hline\end{array}$
-According to Table 3-1:

• A)the cattle farmer has a comparative advantage in potatoes, and the potato farmer has a comparative advantage in meat
• B)the cattle farmer has a comparative advantage in both goods, and the potato farmer has a comparative advantage in neither goods
• C)the cattle farmer has a comparative advantage in meat, and the potato farmer has a comparative advantage in potatoes
• D)the cattle farmer has a comparative advantage in neither goods, and the potato farmer has a comparative advantage in both goods

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Definitions:

Demand Schedule

A diagram showing the volume of an item that shoppers intend and can afford to buy across a range of prices.

Income

The financial gain received by an individual or a business in exchange for providing a good or service or through investing capital.

Price

The amount of money required to purchase a good or service, determined by factors such as demand, supply, and production cost.

Law Of Demand

The claim that, other things being equal, the quantity demanded of a good falls when the price of the good rises