Question
Michael and Elliot are two employees who work at the same fish and chip shop. There are two main activities: Cooking the fish and chips
Michael and Elliot are two employees who work at the same fish and chip shop. There are two main activities: Cooking the fish and chips and serving customers. Elliot has been working at the shop for a few years and is confident serving customers, while Michael normally cooks and is not confident serving customers. 1. Elliot has a comparative advantage in serving customers. 2. Michael has a lower opportunity in serving customers. 3. Absolute advantage is relevant in this scenario.
Which is the above statements are true:
a) Only 1 is true.
b) Only 2 is true.
c) Both 1 and 2 are true.
d) Both 2 and 3 are true.
e) All three are true
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