Homework assignment help

Production Possibilities Please refer to the following production possibilities information to answer the following questions. Mark's Production Possibilities Ian's Production Possibilities Cups Plates Cups Plates A 600 0 A 200 0 B 0 150 B 0 100 Question 47 (1 point) Who has the advantage: mark or ian? Q/ has an absolute advantage in producing cups. 15/ has an absolute advantage in producing plates. Question 48 (1 point) Mark's opportunity cost of producing a Q9 is _____ plates. (if needed, round to two decimal places ie: 0.00) [] 5/ Question 49 (1 point) Mark's opportunity cost of producing a plate is ____ cups. (if needed, round to two decimal places ie: 0. 00) Q/ Question 50 (1 point) Ian's opportunity cost of producing a $9 is ____ plates. (if needed, round to two decimal places ie: 0. 00) Q/ Question 51 (1 point) Ian's opportunity cost of producing a plate is ____ cups. (if needed, round to two Question 52 (1 point) Who has the advantage: mark or ian? Q/ has a comparative advantage in producing cups. 6/ has a comparative advantage in producing plates