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Beer Pretzels Sierra 5 OR 30 Sam 3 9 What is Sierra's opportunity cost of making one (1) beer? What is Sam's opportunity cost of
Beer Pretzels Sierra 5 OR 30 Sam 3 9 What is Sierra's opportunity cost of making one (1) beer? What is Sam's opportunity cost of making one (1) beer? What is Sierra's opportunity cost of making one (1) pretzel? What is Sam's opportunity cost of making one (1) pretzel? Who has the absolute advantage in beer production? Who has the absolute advantage in pretzel production? Explain. Who has the comparative advantage in pretzel production? Who has the comparative advantage in beer production? Explain. If Sam and Sierra begin to trade, what will the terms of trade be that could benet them both? Be very specic with this part of the answer, an: __.__._I_ _.__..._._1__ L_l._ _..:_|_ L-....._.. L.-.___ :1
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