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hans 5 coconuts 1 fish Rnate 10 cocnuts 1 fish Enter your answers to the numerical questions only as integers (1, 2, 3) or fractions
hans 5 coconuts 1 fish Rnate 10 cocnuts 1 fish Enter your answers to the numerical questions only as integers (1, 2, 3) or fractions (1/2, 3/4), without making references to labels (coconuts, fish, etc.) For Hans the opportunity cost of 1 coconut is: fish. For Renate the opportunity cost of 1 coconut is: fish. What is Hans' marginal cost for fish? What is Renate's marginal cost for fish? Who has a comparative advantage in producing fish? Hans, Renate, or neither? Who has a comparative advantage in producing coconuts? Hans, Renate, or neither? Assume they specialize according to their comparative advantages, how many fish and coconuts will be produced in total? Coconuts: Fish
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