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Imagine a world with two countries: the US and Mexico. There are two goods: avocados [A] and corn (C). There is one factor of production:

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Imagine a world with two countries: the US and Mexico. There are two goods: avocados [A] and corn (C). There is one factor of production: labor (L). The M PL for corn and avocados is as follows: Country USA MEX | MPLA 1 M PLC 2 \"Jill-I NIH Opp. Cost of A Opp. Cost of C (1) What is the opportunity cost of corn and avocados in the two countries? Report your answer in the table above. (2) What cmmtry has absolute advantage in corn? In avocados? (3) What country has comparative advantage in corn? In avocados? (4) What is the autarky relative price of corn in the US, and in Mexico

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