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Consider the following productivity table: 1 Automobile 1 Light SUV German labor units 24 U.S. labor units 18 a) (2 points) Which country has an
Consider the following productivity table: 1 Automobile 1 Light SUV German labor units 24 U.S. labor units 18 a) (2 points) Which country has an absolute advantage in producing light SUVs? b) (2 points) Using the information in the productivity table above, estimate the opportunity cost of producing one light SUV In terms of automobiles in the United States, c) (2 points) Which country has a comparative advantage in producing light SUVs
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