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>
50 -> 35=change by 15
change by 5=10%
so multiply by 3
3(5)=3(10%)
15=30%
6-4x=20-10x, 2+20=-10x+4x, x=26/-6
Answer:
5:7.
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