Ask Question
28 May, 19:29

If john can produce 10 chairs or 20 lamps during a week while mary can produce 12 chairs or 22 lamps in the same time, who has the absolute advantage in producing each good?

+1
Answers (1)
  1. 28 May, 23:15
    0
    Mary has the competitive advantage for chairs and lamps.

    Absolute comparative advantage is the ability to produce something more efficiently than someone else ...
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If john can produce 10 chairs or 20 lamps during a week while mary can produce 12 chairs or 22 lamps in the same time, who has the absolute ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers