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QUESTION 11
Assume that Betty and Ann live on a desert island. With a day's labor. Ann can produce 6 fish or 4 coconuts; Betty can produce 3 fish or 1 coconut.
.e., you have the following information available:
Fish
Coconuts
Opp. Cost for fish
Opp. Cost for coconuts
Betty
3
Ann
6
Who has an absolute advantage in fish? Who has an absolute advantage in coconuts? Who has a comparative advantage in fish? Who has a
comparative advantage in coconuts? Explain. Show your calculations for full credit.
To fill in the table, select the table, copy it (Cntrl-C), paste it in Word, fill it out, copy it again, paste it here (Cntri-V).
Arial
3 (12pt)
Mick
ilove and Submit to save and submit. Click Save All,Answers to save all answers.
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