1. Consider the following table for the neighboring nations of Quahog and Pawnee. Assume that the opportunity...

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1. Consider the following table for the neighboring nations of Quahog and Pawnee. Assume that the opportunity cost of producing each good is constant.

Product Quahog Pawnee Meatballs (per hour) 4,000 2,000 Clams (per hour) 8,000 1,000

a. What is the opportunity cost of producing meatballs in Quahog? What is the opportunity cost of harvesting clams in Quahog?

b. What is the opportunity cost of producing meatballs in Pawnee? What is the opportunity cost of producing clams in Pawnee?

c. Based on your answers in parts

(a) and (b), which nation has a comparative advantage in producing meatballs? Which nation has a comparative advantage in producing clams? L-9658

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