Table 7-3 Mateo and Celeste Produce Custom Saddles and Spurs.Table

question 118

Multiple Choice

Table 7-3
Mateo and Celeste produce custom saddles and spurs.Table 7-3 lists the number of saddles and pairs of spurs Mateo and Celeste can each produce in one month.
-Refer to Table 7-3.Select the statement that accurately interprets the data in the table.

• A)Celeste has a comparative advantage in making spurs.
• B)Mateo has a comparative advantage in making spurs.
• C)Celeste has a comparative advantage in making saddles and making spurs.
• D)Neither Mateo nor Celeste has a comparative advantage in making spurs.

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Definitions:

Memory Chips

Electronic components used to store data temporarily or permanently in computers and other devices.

Safety Stock

Safety stock is an additional quantity of an item held in inventory to reduce the risk of stockouts and production halts, serving as a buffer against demand fluctuations or supply delays.

Maximum Inventory

The highest quantity of goods that a company aims to keep in stock, considering factors like storage space and cash flow constraints.

Memory Chips

Electronic components that store digital data, used in various computing devices for temporary or permanent data storage.