Table 2-17 Table 2-17 Shows the Output Per Week of Week

question 354

Multiple Choice

Table 2-17
Table 2-17 shows the output per week of two people, James and Lucy. They can either devote their time to making wagons or making tricycles.
-Refer to Table 2-17. Which of the following statements is true?

• A) Lucy has an absolute advantage in making both products.
• B) James has an absolute advantage in making both products.
• C) Lucy has an absolute advantage in making wagons and James in making tricycles.
• D) James has an absolute advantage in making wagons and Lucy in making tricycles.

---

Definitions:

Condition of Sale

Terms that specify the circumstances under which a sale is conducted, including payment terms, delivery, warranties, and other relevant details.

Negotiation

A strategic discussion that resolves an issue in a way that both parties find acceptable.

Condition

A specific requirement or state of affairs that must be met or exists under certain circumstances, often used in the context of sales, agreements, or health.

6 Dozen Cases

A quantity term representing 72 (6 times 12) cases of a particular item.