Table 2-3 Table 2-3 Shows the Output Per Week of Two Jewelers

question 61

Multiple Choice

Table 2-3

Table 2-3 shows the output per week of two jewelers, Serena and Haley. They can either devote their time to making bracelets or making necklaces.
-Refer to Table 2-3.Which of the following statements is true?

• A) Haley has a comparative advantage in making both products.
• B) Serena has a comparative advantage in making both products.
• C) Haley has a comparative advantage in making bracelets and Serena in making necklaces.
• D) Haley has a comparative advantage in making necklaces and Serena in making bracelets.

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Definitions:

Refractory Threshold

The refractory threshold is the period following an action potential during which a neuron is incapable of firing another action potential or the threshold is significantly increased.

Difference Threshold

The smallest detectable difference between two stimuli that a person can sense at least half the time.

Just Noticeable Difference

The smallest difference in stimulation that can be reliably detected by an organism.

Absolute Threshold

The minimum intensity of a stimulus that is required for it to be detected by the senses at least 50% of the time.