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Comparative Advantage You must showyour work in the table. Units Produced Per Hour Krahhy Patties Jellysh Jelly Bikini Bottom 3 9 Tentacle Acres 4 8
Comparative Advantage You must showyour work in the table. Units Produced Per Hour Krahhy Patties Jellysh Jelly Bikini Bottom 3 9 Tentacle Acres 4 8 1. What is Bikini Bottom's opportunity cost of producing one unit of Krabhy Patties? 9B= 3 Jellysh Jellies 2. What is Bikini Bottom's opportunity cost of producing one unit of Jellysh Jelly? 39= 113 Krabby Patties 3. What is Tentacle Acres' opportunity cost of producing one unit of Krabby Patties? 81'4 = 2 Je ish Jellies 4. What is Tentacle Acres' opportunity cost of producing one unit of Jellysh Jelly? 4;"8= ll2 Krabby Patties 5. Who has the absolute advantage in producing Krabby Patties? Tentacle Acres 6. Who has the absolute advantage in producing Jellysh Jelly? Bikini Bottom 7". Who has the comparative advantage in producing Krabby Patties? Tentacle Acres 8. Who has the comparative advantage in producing Jellyfish Jelly? Bikini Bottom 9. What would be acceptable terms of trade be between Bikini Bottom and Tentacle Acres
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