Question
Below are the production possibility frontiers of Cambodia and Thailand in production of peppers and motor-bytes. Thailand has a comparative advantage in the production of
Below are the production possibility frontiers of Cambodia and Thailand in production of peppers and motor-bytes. Thailand has a comparative advantage in the production of motor-bytes. If that is true, then the most peppers Thailand can produce in the thousands of tons is how many?
Cambodia PPF: 16 peppers 80 motor-bytes
Thailand PPF- x peppers 160 motor-bytes
What is the most number of peppers Thailand can produce and why?
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
