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Name: ID: NOTE: ALL FINAL ANSWERS SHOULD BE ROUNDED TO TWO DECIMAL PLACES < 1. The following table provides information of output per labour
Name: ID: NOTE: ALL FINAL ANSWERS SHOULD BE ROUNDED TO TWO DECIMAL PLACES < 1. The following table provides information of output per labour hour for home and foreign countries. < Cheese (C) CANADA (Home) < 2 BRAZIL (Foreign) < 60 Wine (W) 50 4 < Which country has absolute advantage in producing cheese and which country has an absolute advantage in wine? (1 Mark) < Complete the Opportunity cost table below, showing the relation in equation format (as shown in the lecture slides) (3 Marks) < W Opportunity Cost Table < Cheese (C) Wine (W) CANADA (Home) < BRAZIL (Foreign)
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