In One Week, Mohammed Can Knit 5 Sweaters or Bake

question 3

Multiple Choice

In one week, Mohammed can knit 5 sweaters or bake 240 cookies.In one week, Tetah can knit 15 sweaters or bake 480 cookies.In this example,

• A)Mohammed has the absolute and comparative advantage in both tasks
• B)Tetah has the absolute and comparative advantage in both tasks
• C)Mohammed has the absolute advantage in both tasks and the comparative advantage in knitting sweaters
• D)Tetah has the absolute advantage in both tasks and the comparative advantage in knitting sweaters
• E)Mohammed has the absolute advantage in both tasks and the comparative advantage in baking cookies

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Definitions:

Slope-intercept Form

A way of writing the equation of a straight line in the form y = mx + b, where m is the slope and b is the y-intercept.

Slope

A measure of the steepness or the inclination of a line, defined as the ratio of the vertical change to the horizontal change.

Sales Price

The amount for which a product is sold to the customer, excluding any discounts or taxes.

List Price

The suggested retail price of a product set by the manufacturer, before any discounts or promotions.