Question
ndy and Brenda can cultivate the following quantities of potatotes and cabbagee during a week. Andy can grow 100lbs of potato or 200 heads of
ndy and Brenda can cultivate the following quantities of potatotes and cabbagee during a week. Andy can grow 100lbs of potato or 200 heads of cabbage. Brenda can grow 120lbs of potato or 150 heads of cabbage.
a. What is Andy's opportunity cost of growing potatoes?
b. What is Brenda's opportunity cost of growing potatoes?
c. What is Andy's opportunity cost of growing cabbage?
d. What is Brenda's opportunity cost of growing cabbage?
e. Who has the absolute advantage in growing potatoes?
f. Who has the absolute advantage in growing cabbage?
g. Who has the comparative advantage in growing potatoes?
h. Who has the comparative advantage in growing cabbage
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