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A producer with an absolute advantage has the ability to produce a good or service at

A:A lower opportunity cost then any competitor can.
B:a faster rate than any competitor can.
C:a greater volume than any competitor can
D:a lower cost than any competitor can.

Respuesta :

The answer is D Hope this helps 
pristina

Answer: c) greater volume than any competitor can

Explanation:

Absolute advantage refers to the ability of an individual or country to produce a greater volume of goods or services than its competitors can. Suppose, a worker in country A can produce 50 bushels of wheat in a day, while a worker in country B can produce 30  bushels of wheat in a day. Then country A has an absolute advantage in production of wheat as it can produce a greater volume in a day.

Thus, c) greater volume than any competitor can is the correct option.

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