Graph 3-1 These Figures Illustrate the Production Possibilities Frontiers for Robinson Crusoe

question 30

Multiple Choice

Graph 3-1

These figures illustrate the production possibilities frontiers for Robinson Crusoe and Friday with 12 hours of labour.
-According to Graph 3-1:

• A)Robinson Crusoe has an absolute advantage in fish, and Friday has an absolute advantage in coconuts
• B)Robinson Crusoe has an absolute advantage in coconuts, and Friday has an absolute advantage in fish
• C)Robinson Crusoe has an absolute advantage in neither goods, and Friday has an absolute advantage in both goods
• D)Robinson Crusoe has an absolute advantage in both goods, and Friday has an absolute advantage in neither goods

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Definitions:

Disposal Options

Various methods available for disposing of waste, surplus, or obsolete resources or assets.

Transferring

The act of moving or shifting something from one place, person, or entity to another.

Selling

Selling involves the process of offering goods or services to customers in exchange for money or other forms of payment.

Logistics Activities

Operations involved in the management of the flow of goods from the point of origin to the point of consumption, encompassing transportation, warehousing, and inventory management.