b. if one of you has a comparative advantage at baking cookies, it means that one of you: multiple choice 3 can make fewer cookies

Question

b. if one of you has a comparative advantage at baking cookies, it means that one of you: multiple choice 3 can make fewer cookies than the other in a given amount of time. can make more cookies than the other in a given amount of time. gives up fewer cupcakes for each cookie baked. gives up more cupcakes for each cookie baked.

Sapo1 · Answer

If one of you has a  comparative advantage  at baking cookies, it means that one of you c) gives up fewer cupcakes for each cookie baked.     When manufacturing a specific good, agents in an economic model have a comparative advantage over rivals if they can do so at a lower relative opportunity cost or  autarky price , that is, at a lower relative marginal cost before trade.   Comparative advantage is the term used to express the  economic realit y of trade-related employment advantages for individuals, businesses, or nations that result from variations in their factor endowments or technology advancement.   (The  absolute advantage , comparing production per unit of time (labor efficiency) or per unit of money (monetary efficiency), is generally thought to be more intuitive but less accurate – as long as the opportunity costs of manufacturing commodities across countries differ, productive trade is conceivable.)    To know more about  comparative advantage:   https://brainly.com/question/13221821    #SPJ4

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