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CH 01 i Saved Help The data below show the total production (In millions) of the only two goods produced in Kitchener and Waterloo, two

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CH 01 i Saved Help The data below show the total production (In millions) of the only two goods produced in Kitchener and Waterloo, two small planets in deep space. Kitchener : 8 kiwis or 5 trucks Waterloo: 4 kiwis or 6 trucks a. The opportunity cost of a kiwi in Kitchener is (Click to select) . Enter your responses for opportunity costs rounded to 2 pped decimal places. b. The opportunity cost of a kiwi in Waterloo is (Click to select) v Book c. The opportunity cost of a truck in Kitchener is (Click to select) v rint ences d. The opportunity cost of a truck in Waterloo is (Click to select) v e. If, before trade, each planet was devoting half its resources to producing each product, then the total amount of each good produced by both planets is kiwis and trucks. If necessary, round your answers for parts (e). (f), and (g) to 1 decimal place. Remember to round 0.05 up to 0.10. f. If the two planets were to specialize in producing the product they do best, the total amount they could produce is kiwis made by (Click to select) ] and trucks made by (Click to select) v g. When comparing the scenario in Part f to that in Part e, the total gains for society as a result of specialization are: (Click to select) ~ and (Click to select) v

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