Question: Table 3-1 Labour hours needed to make 1 kilogram: Kilograms produced in 36 hours: Meat Potatoes Meat Potatoes Farmer 9 4 12 Rancher 3 4

Table 3-1 Labour hours needed to make 1 kilogram: Kilograms produced in 36 hours: Meat Potatoes Meat Potatoes Farmer 9 4 12 Rancher 3 4 12 9 Refer to Table 3-1. What does each producer have an absolute or comparative advantage in? O The farmer has an absolute advantage in potatoes, and the rancher has a comparative advantage in meat. O The farmer has an absolute advantage in meat, and the rancher has a comparative advantage in potatoes. O The farmer has an absolute advantage in neither good, and the rancher has a comparative advantage in potatoes. O The farmer has an absolute advantage in neither good, and the rancher has a comparative advantage in meat

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