1. Thefollowing table shows the output per worker per dayineithermangoesorpapayasinSamoaandinFiji. Samoa Fiji Mangoes(intons) Papayas (in tons) 6...

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1. Thefollowing table shows the output per worker per dayineithermangoesorpapayasinSamoaandinFiji.

Samoa Fiji Mangoes(intons)

Papayas (in tons)

6 12 2

6

a. The country that has an absolute advantage in producing mangoes is .

b. The country that has an absolute advantage in producing papayas is .

c. The opportunity cost of 1 ton of papayas in Samoa is .

d. The opportunity cost of 1 ton of papayas in Fiji is .

e. The country that has a comparative advantage in papayas is .

f. The opportunity cost of 1 ton of mangoes in Samoa is .

g. The opportunity cost of 1 ton of mangoes in Fiji is .

h. The country that has a comparative advantage in mangoes is .

i. The lowest price the mango producer would accept for a ton of mangoes is tons of papayas, and the highest price the papaya producer would pay for a ton of mangoes is tonsofpapayas.Ifthepriceof a ton of mangoes is not within these bounds, trade will not occur.

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Related Book For  book-img-for-question

Fundamentals Of Economics

ISBN: 9781133956105,9781285531847

6th Edition

Authors: William Boyes, Michael Melvin

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