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5. The tables below represent alternative combinations of output of smartphones and apples between Countries A and B. For each, determine the pre-trade opportunity cost
5. The tables below represent alternative combinations of output of smartphones and apples between Countries A and B. For each, determine the pre-trade opportunity cost of smartphones (s) and apples (a). a. Scenario 1 Assume the # of resources is fixed Smartphones (millions) Apples (millions of bushels) Country A 5 5 Country B 8 4 Country A: 1a = 1 b 1b = 2 a Country B: 1a = b 1b = a Country that should export smartphones: A Country that should export apples: B
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