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Answer the question on the picture esc 13. In the table below, calculate the opportunity cost for each person and product. Cost of One Turnip

Answer the question on the picture

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esc 13. In the table below, calculate the opportunity cost for each person and product. Cost of One Turnip Cost of One Clam Selkirk turnips 1 clams Pirate Jack 1/1 clams 2 turnips Specialization Based on Comparative Advantage Benefits Both Trading Patterns 14. Who has a comparative advantage for each product? Comparative Advantage for Turnip: Comparative Advantage for Clams: 15. What should Selkirk and Pirate Jack do? Should they specialize and trade? Who should specialize in what? Why? Write 3 sentences

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