John and Mary Work Eight Hours at a Bakery

question 231

Multiple Choice

John and Mary work eight hours at a bakery. John can decorate either 10 ice-cream cakes or 4 wedding cakes; Mary can decorate either 8 ice-cream cakes or 2 wedding cakes. According to this scenario

• A)Mary has the absolute advantage in decorating wedding cakes.
• B)Mary has the absolute advantage in decorating ice-cream cakes.
• C)Mary has the comparative advantage in decorating ice-cream cakes.
• D)John has the comparative advantage in decorating ice-cream cakes.

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Definitions:

Mass Production

The manufacturing of large quantities of standardized products, often on assembly lines, enabling efficiencies and lower costs of goods.

Trade Unions

Organizations formed by workers from related fields that work for the common interest of its members in terms of wages, work conditions, and benefits.

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The late-nineteenth century is the period from 1871 to 1900, characterized by rapid industrialization, colonial expansion, and significant cultural and technological advancements.

Pablo Picasso

A Spanish painter, sculptor, printmaker, ceramicist, and stage designer, known as one of the most influential artists of the 20th century and a co-founder of the Cubist movement.