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a. Calculate the opportunity costs from the information provided in the table. b. Who holds the comparative advantage in the production of paper? C. Who
a. Calculate the opportunity costs from the information provided in the table. b. Who holds the comparative advantage in the production of paper? C. Who holds the comparative advantage in the production of pens? . Who holds the absolute advantage in the production of paper? e. Who holds the absolute advantage in the production of pens? f. If each locale has 10 workers and 200 units of paper are traded, how many pens are traded? Given the following demand and supply functions... D: P = 280 - 5qd S: P = 40 + 3qs Assume the government imposes a price floor of 180. a. Is the price floor effective? Explain. b. At the price floor, is there a market shortage and, if so, calculate the value of the shortage in units
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