Country A and Country B can produce two goods: chairs and tables. The following table describes the production possibilities of each country per day.

	Country A	Country B
chairs	30	85
tables	20	35

a. Which country has an absolute advantage in tables given both countries have the same labor and capital inputs?

b. Calculate the opportunity cost of producing chairs in both countries.

c. Calculate the opportunity cost of producing tables in both countries.

d. If these countries were to specialize and trade, which country would produce which good?

e. What would be a trading price that Country A and Country B would agree on to trade tables?

1 table for _______ chairs