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Comparative and Absolute Advantage With the same amount of inputs, Idris can make 8 units of cakes and 1 units of cookies, while Daegyu can
Comparative and Absolute Advantage With the same amount of inputs, Idris can make 8 units of cakes and 1 units of cookies, while Daegyu can make 3 units of cakes and 14 units of cookies. A What is Idris's opportunity cost for 8 units of cakes? v units of (select unit) A What is Idris's opportunity cost for 1 unit of cakes? v units of (select unit) A What is Daegyu's opportunity cost for 3 units of cakes? v units of (select unit) A What is Daegyu's opportunity cost for 1 unit of cakes? c units of (select unit) A What is Idris's opportunity cost for 1 units of cookies? . units of (select unit) A What is Idris's opportunity cost for 1 unit of cookies? c units of (select unit) A What is Daegyu's opportunity cost for 14 units of cookies? . units of (select unit) A What is Daegyu's opportunity cost for 1 unit of cookies? c units of (select unit) Page 1 of 2 Who has the lower opportunity cost for producing cakes? (select producer) Who has the lower opportunity cost for producing cookies? (select producer) Who has the absolute advantage in producing cakes? (select producer) Who has the absolute advantage in producing cookies? (select producer) Who has the comparative advantage in producing cakes? (select producer) Who has the comparative advantage in producing cookies? (select producer) If they specialize and trade, who should produce cakes? (select producer) If they specialize and trade, who should produce cookies? (select producer)
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