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Comparative and Absolute Advantage Page 1 of 2 The table shows the maximum amount of rugs and trash cans that Macaully and Calin can produce
Comparative and Absolute Advantage Page 1 of 2 The table shows the maximum amount of rugs and trash cans that Macaully and Calin can produce with the same Macaully amount of resources. Output trash cans Calin A What is Macaully's opportunity cost for 3 units of rugs? c units of (select unit) A What is Macaully's opportunity cost for 1 unit of rugs? c units of (select unit) A What is Calin's opportunity cost for 10 units of rugs? c units of (select unit) What is Calin's opportunity cost for 1 unit of rugs? units of (select unit) A What is Macaully's opportunity cost for 3 units of trash cans? c units of (select unit) A What is Macaully's opportunity cost for 1 unit of trash cans? c units of (select unit) A What is Calin's opportunity cost for 7 units of trash cans? c units of (select unit) A What is Calin's opportunity cost for1 unit of trash cans? v units of (select unit) Who has the lower opportunity cost for producing rugs? (select producer) Who has the lower opportunity cost for producing trash cans? (select producer) Who has the absolute advantage in producing rugs? (select producer) Who has the absolute advantage in producing trash cans? (select producer) Who has the comparative advantage in producing rugs? (select producer) Who has the comparative advantage in producing trash cans? (select producer) If they specialize and trade, who should produce rugs? (select producer) If they specialize and trade, who should produce trash cans? (select producer)
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