AACSB: Analytic Blooms: Apply Difficulty: 3 Hard Learning Objective: 02-01 Explain and apply the Principle of Comparative Advantage. Topic: Exchange and Opportunity Cost 21. Dent Scratch Used Cars and Trucks employs 3 salesmen. Data for sales last ‘n' month are shown in this table: ________ has an absolute advantage in selling cars and __________ has an absolute advantage in selling trucks. Larry sold the most cars and Ralph sold the most trucks. AACSB: Analytic Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-01 Explain and apply the Principle of Comparative Advantage. Topic: Exchange and Opportunity Cost 22. Dent Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last ‘n' month are shown in this table: For Larry, the opportunity cost of selling a truck is: Larry sold twice as many cars as trucks, so he sells 2 cars in the amount of time it takes to sell 1 truck. AACSB: Analytic Blooms: Apply Difficulty: 3 Hard Learning Objective: 02-01 Explain and apply the Principle of Comparative Advantage. Topic: Exchange and Opportunity Cost
AACSB: Analytic Blooms: Apply Difficulty: 3 Hard Learning Objective: 02-01 Explain and apply the Principle of Comparative Advantage. Topic: Exchange and Opportunity Cost 21. Dent ‘n' Scratch Used Cars and Trucks employs 3 salesmen. Data for sales last month are shown in this table: ________ has an absolute advantage in selling cars and __________ has an absolute advantage in selling trucks. Larry sold the most cars and Ralph sold the most trucks. AACSB: Analytic Blooms: Understand Difficulty: 2 Medium Learning Objective: 02-01 Explain and apply the Principle of Comparative Advantage. Topic: Exchange and Opportunity Cost 22. Dent ‘n' Scratch Used Cars and Trucks employs 3 salesmen. Data for their sales last month are shown in this table: For Larry, the opportunity cost of selling a truck is: Larry sold twice as many cars as trucks, so he sells 2 cars in the amount of time it takes to sell 1 truck. AACSB: Analytic Blooms: Apply Difficulty: 3 Hard Learning Objective: 02-01 Explain and apply the Principle of Comparative Advantage. Topic: Exchange and Opportunity Cost