Answers2102320-Economics HONORS - Edgenuity TeacherComparative and Absolute AdvantageQuestion 4
4
QuizMultiple Choice

Comparative and Absolute Advantage

Question 4 • 2102320-Economics HONORS - Edgenuity Teacher

Carmen wants to open her own coffee shop. She has narrowed down a list of wholesale retailers and their cost per pound of coffee beans. Whole Sale Company Cost per lb.Café con Leche$8.50Beans Brothers$7.50Colombian Co.$11.25Turkish Coffee Company$6.25Which company has the comparative advantage in cost per pound of coffee?

Answer
A
Café con Leche
B
Beans Brothers
C
Colombian Co.
D
Turkish Coffee Company

Explanation

Compare the cost per pound for each retailer. Turkish Coffee Company charges $6.25 per pound, less than Beans Brothers at $7.50, Café con Leche at $8.50, and Colombian Co. at $11.25. It therefore has the cost advantage: Turkish Coffee Company.

AI-written and checked against the verified answer.

Previous
Next

More from this Course

Quiz
10 verified answers

Comparative and Absolute Advantage

Quiz
10 verified answers

Comparative and Absolute Advantage

Quiz
10 verified answers

Pre-Test