Table 2-18 Table 2-18 Shows the Output Per Week of Week

question 17

Multiple Choice

Table 2-18
Table 2-18 shows the output per week of two people, Minnie and Mickey. They can either devote their time to making hats or making umbrellas.
-Refer to Table 2-18. Which of the following statements is true?

• A) Minnie has a comparative advantage in making both products.
• B) Mickey has a comparative advantage in making both products.
• C) Minnie has a comparative advantage in making hats and Mickey in making umbrellas.
• D) Mickey has a comparative advantage in making hats and Minnie in making umbrellas.

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Definitions:

Counter Suggestions

Proposals or ideas presented in response to objections or concerns raised, aiming to address and overcome hesitations in sales discussions.

Premium Products

High-quality products that are sold at a higher price point, often perceived as luxury or superior in their category.

Effective Demonstrations

The act of showing how a product or service works in a manner that is persuasive and comprehensible to potential customers.

Prospect's Resistance

The reluctance or objections expressed by a potential buyer against making a purchase or accepting a service.