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The following table indicates the labor hours needed to produce one unit of output . Sweater Dress Mary 50 hours 10 hours Kate 90 hours
The following table indicates the labor hours needed to produce one unit of output . Sweater Dress Mary 50 hours 10 hours Kate 90 hours 45 hours Based on the above information , which of the following statements is true ? Kate has a comparative advantage but not an absolute advantage in the production of dresses
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Business Statistics for Contemporary Decision Making
Authors: Ken Black
6th Edition
978-0470409015, 9780470559062, 470409010, 470559063, 978-0470910184
