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Business, 13.02.2020 20:57 GracieMaeB

In an eight-hour day, Andy can produce either 24 loaves of bread or 12 pounds of butter. Using all of his resources Bob can produce either 8 loaves of bread or 8 pounds of butter. an eight-hour day, Rolfe can produce either 24 loaves of bread or 24 kilograms of butter. Which of the following statements is true?
A) Andy has a comparative advantage in the production of bread.
B) Andy has an absolute advantage in butter production.
C) Rolfe has an absolute advantage in bread production.
D) Andy has an absolute advantage in bread production.
E) Rolfe has a comparative advantage in bread production.

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