Plot the PPC given by the following data. Combination Health Care All Other Goods A 0 100
Question:
Plot the PPC given by the following data.
Combination Health Care All Other Goods A 0 100 B 25 90 C 50 70 D 75 40 E 100 0
a. Calculate the opportunity cost of each combination compared to the combination before. Compare A to B, B to C, C to D, and D to E.
b. Suppose a second nation has the following PPC.
Plot the PPC. Are you able to define which nation has a comparative advantage in which activity?
Combination Health Care All Other Goods A 0 50 B 20 40 C 40 25 D 60 5 E 65 0
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