Table 2-8 Table 2-8 Shows the Output Per Month of Month

question 175

Multiple Choice

Table 2-8
Table 2-8 shows the output per month of two people,Wilma and Betty.They can either devote their time to making marble statues or making marble benches.
-Refer to Table 2-8.Which of the following statements is true?

• A)Wilma has a comparative advantage in making both products.
• B)Betty has a comparative advantage in making both products.
• C)Betty has a comparative advantage in making statues and Wilma in making benches.
• D)Betty has a comparative advantage in making benches and Fred in making statues.

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Definitions:

Contracts

Legally binding agreements between two or more parties that specify and regulate the terms of an engagement, service, or transaction.

Positive Discipline

A disciplinary approach focusing on constructive feedback and encouraging employees to learn from their mistakes without fear of punitive actions.

Management

The process of planning, organizing, leading, and controlling resources within an organization to achieve its goals efficiently and effectively.