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Author Question: The above table shows the number of pencils or pens that could be produced by Don and Bob in an ... (Read 73 times)

Capo

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  • Posts: 545
on: Jun 29, 2018
The above table shows the number of pencils or pens that could be produced by Don and Bob in an hour. This schedule shows that
 
  A) Don has an absolute advantage in the production of pencils, and Bob has an absolute advantage in the production of pens.
  B) Bob has an absolute advantage in the production of pencils, and Don has an absolute advantage in the production of pens.
  C) Don has a comparative advantage in the production of both pencils and pens.
  D) Bob has a comparative advantage in the production of pencils.

Question 2

In Barylia, Greenaqua Corp . is the sole controller of a resource required for the production of bottled drinking water. Therefore, Greenaqua Corp . enjoys:
 
  A) legal market power.
  B) natural market power.
  C) regulated market power.
  D) restricted market power.


jazzlynnnnn

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


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