Table 2-7 Table 2-7 Shows the Output Per Month of Two People

question 184

Multiple Choice

Table 2-7

Table 2-7 shows the output per month of two people, Fred and Barney. They can either devote their time to making pogo sticks or making unicycles.
-Refer to Table 2-7.Which of the following statements is true?

• A)Fred has an absolute advantage in making both products.
• B)Barney has an absolute advantage in making both products.
• C)Barney has an absolute advantage in making pogo sticks and Fred in making unicycles.
• D)Barney has an absolute advantage in making unicycles and Fred in making pogo sticks.

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Definitions:

AR

Augmented Reality, a technology that superimposes a computer-generated image on a user's view of the real world, providing a composite view.

VR

Short for Virtual Reality, a simulated experience that can be similar to or completely different from the real world, using electronic equipment.

MR

Acronym for Market Research, the process of gathering, analyzing, and interpreting information about a market.

CR

Customer Relationship; the management of interactions and relationships between a business and its customers.