Table 19-3 Bryce and Tina Are Artisans Who Produce Homemade Candles and

question 120

Multiple Choice

Table 19-3
$\begin{array}{|l|l|l|}\hline & \text { Candles } & \text { Soap } \\\hline \text { Bryce } & 150 & 450 \\\hline \text { Tina } & 200 & 450\\\hline\end{array}$ Bryce and Tina are artisans who produce homemade candles and soap. Table 19-3 lists the number of candles and bars of soap Bryce and Tina can each produce in one month.
-Refer to Table 19-3.Select the statement that accurately interprets the data in the table.

• A) Tina has a comparative advantage in making candles.
• B) Bryce has an absolute advantage in making soap.
• C) Bryce has a comparative advantage in making candles.
• D) Bryce has a comparative advantage in making candles and making soap.

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Definitions:

Market Niche

A specific segment of the market on which a business focuses its products or services, often defined by unique customer needs or preferences.

Competitors

Entities that vie for the same customers or market share in a particular industry, often driving innovation and customer choice.

Self-Management

The ability of an individual to manage their own goals, behavior, and resources effectively without the need for external control or supervision.

Personal Strengths

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