1. 2. Mabel and Sam both produce tomatoes and pasta sauce. The table shows their

Question

1.

2.

Mabel and Sam both produce tomatoes and pasta sauce. The table shows their possible production per month if both work the same number of 8 hour days. Given this information, which of the following statements is correct. Sam has a comparative advantage in the production of sauce Mabel has a comparative advantage in the production of tomatoes Sam has an absolute advantage in the production of tomatoes. Mabel has an absolute advantage in the production of tomatoes. Consider the market represented in the graph above. In equilibrium, Consumer surplus would be equal to $50. Producer Surplus would be greater than consumer surplus. Producer surplus would be equal to $12.50. Consumer surplus would be equal to $25

Explanation / Answer

Mabel has a comparetive advantage in the productions of tomatos

producer surplus would be greater then consumer surplus

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