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Scenario 14-3 Olenna can produce either 20 tonnes of blueberries or 10 tonnes of grapes in a year, while Jorah can produce either 10 tonnes
Scenario 14-3 Olenna can produce either 20 tonnes of blueberries or 10 tonnes of grapes in a year, while Jorah can produce either 10 tonnes of blueberries or 20 tonnes of grapes. Refer to Scenario 14-3. Which of the following statements is the most accurate in terms of absolute and comparative advantages? a. Olenna has an absolute advantage and a comparative advantage in grapes. b. Olenna has an absolute advantage in blueberries and a comparative advantage in blueberries. c. Olenna has an absolute advantage in both grapes and blueberries. d. Jorah has an absolute advantage in blueberries and a comparative advantage in grapes
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