Table 2.7 Table 2.7 Shows the Output Per Day of Two Pet

question 159

Multiple Choice

Table 2.7

Table 2.7 shows the output per day of two pet groomers, Tammi and Horace. They can either devote their time to grooming dogs or bathing cats.
-Refer to Table 2.7. Which of the following statements is true?

• A)Horace has an absolute advantage in both tasks.
• B)Tammi has an absolute advantage in both tasks.
• C)Horace has an absolute advantage in dog grooming and Tammi in cat bathing.
• D)Horace has an absolute advantage in cat bathing and Tammi in dog grooming.

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Definitions:

Legal Expense

Costs incurred by a company for legal services, including attorney fees, court costs, and other related expenses.

Paid-In Capital

The total amount of money or other value that shareholders have contributed to a company in exchange for shares of stock, indicating the funds raised from equity rather than from ongoing operations.

Par Value

The face value of a bond or the nominal value of a stock, as stated by the issuing company in its charter.

Common Stock

Represents equity ownership in a corporation, giving shareholders voting rights and a claim on a portion of the company's profits through dividends.