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Elizabeth owns an ice cream parlour. In an hour she can produce 14 milkshakes or 84 ice cream sundaes. Betsy also owns an ice cream

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Elizabeth owns an ice cream parlour. In an hour she can produce 14 milkshakes or 84 ice cream sundaes. Betsy also owns an ice cream parlour. In an hour she can produce 12 milkshakes or 12 ice cream sundaes. has a comparative advantage in milkshakes and has an absolute advantage in both goods. O A. Elizabeth; Betsy O B. Betsy; Elizabeth O C. Elizabeth; neither O D. Betsy; Betsy If Elizabeth and Betsy specialize and trade, the lowest trading price they would agree to for 1 milkshake is ice cream sundaes and the highest trading price they would agree to for 1 milkshake is ice cream sundaes

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