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Japan Switzerland Chocolate 100 bars 600 bars Cell Phones 100 110 1 year of labor by one worker in Japan can either produce 100 bars
Japan Switzerland Chocolate 100 bars 600 bars Cell Phones 100 110 1 year of labor by one worker in Japan can either produce 100 bars of chocolate or 100 cell phones 1 year of labor in Switzerland can either produce 600 bars of chocolate or 110 cell phones What is the opportunity cost in Japan for producing 1 bar of chocolate? What is the opportunity cost in Japan for producing 1 cell phone? What is the opportunity cost in Switzerland for producing 1 bar of chocolate? (hint: divide cell phones by chocolate) What is the opportunity cost in Switzerland for producing 1 cell phone? (hint: divide chocolate by cell phones) What country has absolute advantage in cell phones? Which country has absolute advantage in chocolate? Which country has comparative advantage in cell phones? Which country has comparative advantage in chocolate? What would you recommend Japan to produce? What would you recommend Switzerland to produce
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