Comparative and Absolute Advantage example #19879

Which of these best describes an opportunity cost?

What can a producer gain by specializing?

Which best describes how producers benefit from specialization?

Which manufacturer has the absolute advantage?

Which describes a way in which consumers most likely benefit from producers absolute advantage?

Which company has the comparative advantage in producing small tubes of toothpaste?

Which company has the comparative advantage in producing large tubes of toothpaste?

When discussing comparative and absolute advantage, which best describes specialization?

which best describes how consumers may benefit from specialization?

Which calculation helps determine which producer has the absolute advantage?