Suppose Hank and Tony Can Both Produce Corn

question 179

True/False

Suppose Hank and Tony can both produce corn. If Hank's opportunity cost of producing a bushel of corn is 2 bushels of soybeans and Tony's opportunity cost of producing a bushel of corn is 3 bushels of soybeans, then Hank has the comparative advantage in the production of corn.

---

Definitions:

Mycenaean Palace

The administrative and ceremonial centers of Mycenaean Greece, characterized by their grand architecture, including megarons and elaborate frescoes.

Megaron

The main hall or central room of an ancient Greek palace or large house, characterized by its rectangular shape and fronted by an open, two-columned porch.

Function

The intended use or purpose of an object, building, or space.

Throne

A ceremonial chair used by a sovereign, deity, or other high-ranking individuals, symbolizing authority or divine power.