Calvin and Hobbes run a company that sells wallet chains and wallet decals. Calvin is faster at making decals than chains, and Hobbes is faster at making chains than decals. Which statements accurately describe the situation? (A) Company output will be maximized if Calvin makes all the decals and Hobbes makes all the chains. (B) Calvin has a comparative advantage for making decals. (C) Hobbes has a higher opportunity cost for making decals than Calvin. (D) Company output will be maximized if Calvin and Hobbes both divide their time equally between making decals and making chains.
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Home » Business » Calvin and Hobbes run a company that sells wallet chains and wallet decals. Calvin is faster at making decals than chains, and Hobbes is faster at making chains than decals.