After browsing his cabinets to see what meals he can make, Ken is deciding whether to make nachos or spaghetti for dinner. If Ken makes spaghetti, we can conclude:
A. Ken doesn't like nachos.
B. Ken prefers nachos over spaghetti.
C. Ken will get more utility from making spaghetti for dinner than nachos.
D. None of these is true.
C. Ken will get more utility from making spaghetti for dinner than nachos.
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In one day, Brandon can either plow 10 acres or plant 20 acres. In one day, Christopher can either plow 14 acres or plant 14 acres. Which of the following statements about comparative advantage is CORRECT?
A) Brandon has a comparative advantage in both plowing and planting. B) Brandon has a comparative advantage only in plowing. C) Brandon has a comparative advantage only in planting. D) Christopher has a comparative advantage in both plowing and planting.
The aggregate production function shows us that increasing the number of workers employed will increase output at a constant rate
a. True b. False