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Imagine you own your own business. How would you evaluate opportunity costs and comparative advantage when making business decisions? Refer to the Production Decisions graph

  • Imagine you own your own business. How would you evaluateopportunity costs and comparative advantagewhen making business decisions?
  • Refer to the Production Decisions graph generated from the simulations. What role does theproduction possibility frontier (PPF) modelhave in making business decisions regarding specialization and trade?

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kJ 2-2 Simulation Discussion: Comparative Advantage V e Available on Saturday. March a, 2021 8:59 PM PST 1} Subscribe NOTE THATACUSTOM RUBRIC IS USED FOR THIS DISCUSSION. A difference in opportunity costs between businesses can lead to a comparative advantage in the production of a good and the decision to trade. For this discussion, first play the simulation games Comparative Advantage [Without Trade} and Comparative Advantage [With Trade} in the MindTap environment. Then, you will share your experiences playing the games. Your work in this discussion will directly support your success on the course project. In your initial post, include the image of your simulation report in your response. See the How to Submit a Simulation Report Image document for more information. Then, address the following questions: - Imagine you own your own business. How would you evaluate opportunity costs and comparative advantage when making business decisions? - Refer to the Production Decisions graph generated from the simulations. What role does the production possibility frontier [PPFII model have in making business decisions regarding specialization and trade? In your responses, comment on the posts of at least two peers whose simulations had different outcomes than your own. Research and provide examples of companies in the news that are relevant to your peers' comments on the value of comparative advantage for

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