1. Scenario One: (An "OR" situation) Soy Beans Oranges Florida 50 lbs 400 bags Georgia 100 lbs 300 bags Total 150 lbs 700 bags What is the opportunity cost for Florida in terms of soybeans? __1__ SB to __8__ oranges What is the opportunity cost for Georgia in terms of soybeans? __1___ SB to _3___ oranges What is the ratio of the opportunity cost for Florida in terms of oranges? ___1_ oranges=__.125__ SB What is the ratio of the opportunity cost for Georgia in terms of oranges? __1__ oranges = _.33__SB Who has the comparative advantage in Soy Beans? GEORGIA Who has the comparative advantage in Oranges? FLORIDA