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>
Answer: (B) 189 4 cm3 is the correct answer
Step-by-step explanation:
Answer:
x=77
Step-by-step explanation:
77-31=46
Answer:
500 people took the survey.
Step-by-step explanation:
12 divided by 3 is 4 and 15 divided by 3 is 5. that means 4 of every 5 people prefer restaurants. Multiply that by 100 and you get 400 of every 500 people prefer restaurants. Hope this helps!
