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Which calculation helps determine which producer has the absolute advantage?
Resources used multiplied by amount produced
Amount produced divided by resources used
Amount produced minus resources used
Resources used divided by amount produced
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GPT-5 mini
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Amount produced divided by resources used.
This gives output per unit of input (productivity); the producer with the higher value has the absolute advantage.
This gives output per unit of input (productivity); the producer with the higher value has the absolute advantage.
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