A. Fred sacrifices 1 2/3 ballet slippers to produce 1 tap shoe; Ginger sacrifices 3/4 of a ballet slipper to produce 1 tap shoe; therefore, Fred has a comparative advantage in producing tap shoes. Which of the following statements is correct? A. Fred sacrifices 1 2/3 ballet slippers to produce 1 tap shoe; Ginger sacrifices 3/4 of a ballet slipper to produce 1 tap shoe; therefore, Fred has a comparative advantage in producing tap shoes. B. Fred sacrifices 3/5 of a ballet slipper to produce 1 tap shoe; Ginger sacrifices 1 1/3 ballet slippers to produce 1 tap shoe; therefore, Fred has an absolute advantage in producing tap shoes. C. Fred requires 4 hours to produce a tap shoe; Ginger requires 6 2/3 hours to produce a tap shoe; therefore, Fred has a comparative advantage in producing tap shoes. D. Fred requires 4 hours to produce a tap shoe; Ginger requires 6 2/3 hours to produce a tap shoe; therefore, Fred has an absolute advantage in producing tap shoes.
Fred sacrifices 1 2/3 ballet slippers to produce 1 tap shoe; Ginger sacrifices 3/4 of a ballet slipper to produce 1 tap shoe; therefore, Fred has a…
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