For one hour of work Charles can produce either 500 units of fish or 100 units of rice. For one hour of work Peter can produce either 300 units of fish or 50 units of rice. Which one of the following statements is true?

 

A.

Peter has a comparative advantage in rice

 

 

B.

Peter has an absolute advantage in rice

 

 

C.

Charles has a comparative advantage in rice

 

 

D.

Peter has an absolute advantage in fish