Jose and Maria Work at a Restaurant

question 25

Multiple Choice

Jose and Maria work at a restaurant. Jose can make either 10 pancakes or 4 waffles; Maria can make either 8 pancakes or 2 waffles. According to this scenario

• A) Maria has the absolute advantage in making waffles
• B) Maria has the absolute advantage in making pancakes.
• C) Maria has the comparative advantage in making pancakes.
• D) Jose has the comparative advantage in making pancakes.

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Definitions:

Electronic Agent

A computer program or an electronic or automated means used independently to create or perform obligations within a contractual agreement.

Negligently

Acting with a lack of care or concern for the consequences of one's actions, usually resulting in harm or damage to others.

Apparent Authority

A legal concept where a person appears to have the authority to act on behalf of another (such as an employer) and third parties reasonably believe in that authority.

Actual Authority

The express and implied powers given by a principal to an agent to enter into contracts or take action on the principal's behalf.