Exhibit 2-2 -Given the Information in Exhibit 2-2, Which Product Should Friday

question 192

Multiple Choice

Exhibit 2-2

-Given the information in Exhibit 2-2, which product should Friday (an individual) make?

• A)fishhooks because he can make 30 more per day than Crusoe but only 8 more fishing poles
• B)both because he is better at both
• C)fishing poles because that is where his comparative advantage lies
• D)neither because Crusoe is better at both
• E)we cannot tell from the given information

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Definitions:

No-Par

No-par refers to shares of stock issued without a par value, which means the stock's face value is not set and is determined by the market.

Sub-Par

A term indicating something is below an expected level of quality, performance, or standard.

Directors And Officers

Individuals appointed or elected to oversee and manage a corporation or organization and make strategic decisions.

Criminal Behavior

Actions that violate laws and are punishable by the government, including felonies and misdemeanors.