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larry has a comparative advantage in writing a term paper if he: can wr…

Question

larry has a comparative advantage in writing a term paper if he:
can write a paper faster than the other students in class.
has an absolute advantage in writing a term paper.
always earns an a on his papers.
has a low opportunity cost for writing a term paper.
all of the above must be true for larry to have a comparative advantage.

Explanation:

Brief Explanations

Comparative advantage in economics (subfield of Business) is defined by having a lower opportunity cost in producing a good or service (here, writing a term paper) compared to others. Writing faster (absolute advantage - speed), earning an A (quality), or absolute advantage don't define comparative advantage. Only lower opportunity cost does.

Answer:

D. has a low opportunity cost for writing a term paper.