A producer is said to have a comparative advantage in the ...

[burchfield96]

A producer is said to have a comparative advantage in the production of a good when:
 
  A) the producer has a higher opportunity cost than another producer.
  B) the producer can produce more units of the good per hour than another producer.
  C) the producer has a lower opportunity cost than another producer.
  D) the producer charges a higher price for the good than the other producers.

Question 2

If the consumption function is C = 90 + 0.75y, then the level of autonomous consumption is
 
  A) 0.25. B) 0.75. C) 67.5. D) 90.

[tandmlomax84]

Answer to Question 1

C

Answer to Question 2

D

[burchfield96]

Thank you

[tandmlomax84]

No problemo