Cost-effectiveness is a necessary condition of efficiency. Select one: O True O False

FC VC TC MC AFC AVC ATC 1 12 2 100 4 46 30 11 6.

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ompleted 14 out of 20 stion 15 of 20 > A network good is one where the number of other users of the good. cost to the user rises if there is a large cost to the user falls if there is a small O benefit to the user falls if there is a large O benefit to the user rises if there is a large LAPTOP LOGIN acer USERNAME: student PASSWORD: Broward1

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Antonio and Caroline are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of alfalfa and barley each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing alfalfa or barley or to produce alfalfa on some of the land and barley on the rest.   Alfalfa Barley (Bushels per acre) (Bushels per acre) Antonio 40 8 Caroline 28 7   ___________has an absolute advantage in the production of alfalfa, and __________  has an absolute advantage in the production of barley.   Antonio's opportunity cost of producing 1 bushel of barley is ____   bushels of alfalfa, whereas Caroline's opportunity cost of producing 1 bushel of barley is______   bushels of alfalfa. Because Antonio has a ______ opportunity cost of producing barley than Caroline,________ has a comparative advantage in the production of barley and_______ has a comparative advantage in the production of alfalfa.