refer to table 3-37. sarah and charles are both potters and each can switch between the production of vases and mugs at a const

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refer to table 3-37. sarah and charles are both potters and each can switch between the production of vases and mugs at a const

ant rate. the table shows the total number of vases or decorative mugs that each person can produce in a six-hour session of producing pottery. sarah has an absolute advantage in

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1 answer:

bearhunter [10] · Answer 1 · 2022-06-07T11:53:42+03:00

Sarah has an absolute advantage in the PRODUCTION OF MUGS. This is because Sarah can produce 32 mugs while Charles in comparison can only produce 25 mugs.
Absolute advantage refers to the capacity of a country or a company or a person to execute a particular economic activity more efficiently than others. Someone who has an absolute advantage will be able to produce a particular good or service at a greater quantity than his competitors using the same resources. In the scenario given above, it can be seen that Sarah is able to produce more mugs efficiently more than Charles in six hours period.

​refer to table 3-37. sarah and charles are both potters and each can switch between the production of vases and mugs at a const

refer to table 3-37. sarah and charles are both potters and each can switch between the production of vases and mugs at a const