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Business, 24.03.2020 01:21 glowbaby123

Nathan and Lucas own separate tree farms that produce timber. Both farms are the same size and have the same resources available. Compared to Lucas, Nathan grows his trees closer to one another and as a result, produces more timber. Which of the following statements is true?
a. Lucas has a comparative advantage in producing timber.
b. Lucas has an absolute advantage in producing timber
c. Nathan has a comparative advantage in producing timber.
d. Nathan has an absolute advantage in producing timber.
e. Neither Nathan nor Lucas has an absolute advantage.

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