23 Someone has a comparative advantage in producing a good whena) one has specific training in the production of that good.b) one's opportunity cost is constant.O c) one's opportunity cost of producing that good is lower than that of otherproducers.d)one can produce more of the good than someone else using the sameresources.O e) one enjoys producing that good.

Answer Explanation Comparitive advantage is a firms ability to produce a good at a lower opportunity…

Someone has a comparative advantage in producing a good when a) one has specific training in the production of that good. b) one's opportunity cost is constant. O o) one's opportunity cost of producing that good is lower than that of other producers. O d) one can produce more of the good than someone else using the same d) resources. O e) one enjoys producing that good.

Someone has a comparative advantage in producing a good when a) one has specific training in the production of that good. b) one's opportunity cost is constant. O o) one's opportunity cost of producing that good is lower than that of other producers. O d) one can produce more of the good than someone else using the same d) resources. O e) one enjoys producing that good.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Someone has a comparative advantage in producing a good when
a) one has specific training in the production of that good.
b) one's opportunity cost is constant.
O c) one's opportunity cost of producing that good is lower than that of other
producers.
d)
one can produce more of the good than someone else using the same
resources.
O e) one enjoys producing that good.

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