Michael Can Produce the Following Combinations of X and Y

question 52

Multiple Choice

Michael can produce the following combinations of X and Y: 10X and 10Y, 5X and 15Y, and 0X and 20Y. Vernon can produce the following combinations of X and Y: 100X and 20Y, 50X and 30Y, or 0X and 40Y. It follows that

• A)Michael has the comparative advantage in producing X and Vernon has the comparative advantage in producing Y.
• B)Michael has the comparative advantage in producing Y and Vernon has the comparative advantage in producing X.
• C)Neither Michael nor Vernon has a comparative advantage in producing X.
• D)Neither Michael nor Vernon has a comparative advantage in producing Y.

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Definitions:

Critical Thinking

The goal-oriented examination and review of a matter to reach a conclusion.

Channels

Means of communication or distribution, such as television channels or social media platforms, or paths through which goods and information flow.

Audiences

Groups of people who are the intended recipients of a message, presentation, or performance.

Gatekeeper

A gatekeeper in a communication context refers to a person or entity that controls access to information or resources, often acting as a filter of that information.