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Author Question: In one hour John can produce 20 loaves of bread or 8 cakes. In one hour Phyllis can produce 30 ... (Read 50 times)

09madisonrousseau09

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on: May 24, 2019
In one hour John can produce 20 loaves of bread or 8 cakes. In one hour Phyllis can produce 30 loaves of bread or 15 cakes. Which of the following statements is true?
◦ Phyllis has a comparative advantage in producing bread.
◦ John has a comparative advantage in producing cakes.
◦ Phyllis has an absolute advantage in both goods.
◦ John has an absolute advantage in both goods.
◦ Phyllis has a comparative advantage in producing both cakes and bread.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by 09madisonrousseau09 on May 24, 2019

Tonyam972

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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09madisonrousseau09

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Reply #2 on: May 24, 2019
TY


Tonyam972

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Reply #3 on: May 24, 2019
You're welcome


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