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Michael and Angelo Are Both Artists Who Can Create Sculptures

question 12

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Michael and Angelo are both artists who can create sculptures or paintings each day. The following table describes their maximum outputs per day. Does either one have a comparative advantage? Michael and Angelo are both artists who can create sculptures or paintings each day. The following table describes their maximum outputs per day. Does either one have a comparative advantage?   A)  Yes, Michael has a comparative advantage in both sculptures and paintings. B)  Yes, Angelo has a comparative advantage in both sculptures and paintings. C)  Yes, Michael has a comparative advantage in paintings, and Angelo has a comparative advantage in sculptures. D)  Yes, Michael has a comparative advantage in sculptures, and Angelo has a comparative advantage in paintings. E)  No, neither has a comparative advantage.


Definitions:

Sourcing

The process involved in finding, evaluating, and engaging suppliers of goods and services.

Procurement

The process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often involving tendering or competitive bidding.

Social CRM

The use of social media technology and services to enable organizations to engage their customers in a collaborative conversation in order to provide mutually beneficial value in a trusted and transparent manner.

Social Media Technology

The technologies that enable the creation, sharing, and exchange of information and ideas in virtual communities and networks.

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