Comparative Advantage Assuming constant opportunity costs, suppose Mickey can produce either 600 cheese and 0 crackers, or 0 cheese and 200 crackers; and Minnie can produce either 300 cheese and 0 crackers, or 0 cheese and 900 crackers. a. State who has a comparative advantage in cheese. Explain why. [5 points] b. Without trade Mickey produces 300 cheese and 100 crackers, and Minnie produces 150 cheese and 450 crackers. If the terms of trade are 2 cheese = 3 cracker, what are the gains from specialization and trade for each good to each trader if Mickey trades 200 units of the good he has a comparative advantage in? [5 points]