Table 3-36 Minutes needed to Make 1 Towel Umbrella Antigua 12 20 Barbuda 15 10 R

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Question

Table 3-36 Minutes needed to Make 1 Towel Umbrella Antigua 12 20 Barbuda 15 10 Refer to Table 3-36. Antigua has comparative advantage in the production of Select one a.Towels and Barbuda has a comparative advantage in the production of umbrellas. b.Umbrellas and Barbuda has a comparative advantage in the production of towel. c.both goods and Barbuda has a comparative advantage in the production of neither good. d.neither good and Barbuda has a comparative advantage in the production of both goods.

Explanation / Answer

Here for antigua as the number of minutes required for making a unit production is less for towels, the production competitive advantage for antigua is in towels. While for barboda as the number of minutes required for making a unit production is less for umbrella, the production competitive advantage for baboda is in umbrellas. Therefore option (a) is correct answer.

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Table 3-36 Minutes needed to Make 1 Towel Umbrella Antigua 12 20 Barbuda 15 10 R

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