A producer is said to have an absolute advantage over another producer when he required less amount of input to produce the same good compared to the other producer.
While a producer is said to have a comparative advantage over another producer when he produces his goods at a lesser opportunity cost compared to the other produer.
Here, time is one of the inputs used in production and Maria produces a scarf at a lesser time compared to Sofia. Thus, Maria has an absolute advantage over Maria in the production of scarves.
Therefore, the true statement is "<span>Maria has an absolute advantage over Sofia".</span>
The answer is Infinate Solutions I believe we are working on these types of equations in school rn
is their a picture if not lmk
Answer:
Hey there!
Let me know if this helps :)
Answer:
The answer is B
Step-by-step explanation:
$2.50+$1.95=$27.46
-2.50
24.69
24.63/1.95
equal $12.80 or 12.8
