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Novay_Z [31]
2 years ago
5

1 pts

Business
1 answer:
Artyom0805 [142]2 years ago
8 0

Maria has an absolute advantage.

<h3>What is absolute advantage?</h3>

A person has absolute advantage in the production of a good or service if he produces more quantity of a good when compared to other people using the same or similar production resources. The concept of absolute advantage was introduced by Adam Smith, a Scottish economist in 1776 when he used it in the context of international trade.

For example, let's assume that Maria can produce 100 cobs of corn on 1 acre of farmland and Lance can produce 10 cobs of corn on 1 acre of farmland. Maria has an absolute advantage in the production of corn because she produces more quantities of corn when compared with Lance.

To learn more about absolute advantage, please check: brainly.com/question/25139916

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