• Which of the following describes comparative advantage?A.Firm A can produce 4 boxes of cereal in a day, and Firm B can produce 5 boxes of cereal in a day.
• B.Firm A can produce a good at a cost of $3 a unit, and Firm B can produce the same good at a cost of $4 a unit.
• C.Jane can type 50 words per minute, and Joe can type 60 words per minute.
• D.Bill can read one book in a week, but it takes Jeannie 10 days to read the same book.
• E.To produce a basket of wheat, Farmer John must give up growing 2 baskets of corn, whereas Farmer Ben must give up 3 baskets of corn to produce a basket of wheat.