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Output guitars drums Rees 15 3 Robin 9 14 What is Rees's opportunity cost for 15 units of guitars? What is Rees's opportunity cost for
Output guitars drums Rees 15 3 Robin 9 14 What is Rees's opportunity cost for 15 units of guitars? What is Rees's opportunity cost for 1 unit of guitars? What is Robin's opportunity cost for 9 units of guitars? What is Robin's opportunity cost for 1 unit of guitars? What is Rees's opportunity cost for 3 units of drums? What is Rees's opportunity cost for 1 unit of drums? What is Robin's opportunity cost for 14 units of drums? What is Robin's opportunity cost for 1 unit of drums? The table shows the maximum amount of guitars and drums that Rees and Robin can produce with the same amount of resources. A v units 0 \\I (select unit) guitars A v units of drums A V units Of (select unit) A v units of (select unit) A v units of (select unit) A v units of (select unit) A v units Of (select unit) A ., units of (select unit) Who has the lower opportunity cost for producing guitars? v (select producer) Rees Robin Who has the lower opportunity cost for producing drums? Who has the absolute advantage in producing guitars? (select producer) Who has the absolute advantage in producing drums? (select producer) Who has the comparative advantage in producing guitars? (select producer) Who has the comparative advantage in producing drums? (select producer} If they specialize and trade, who should produce guitars? (select producer) If they specialize and trade, who should produce drums? (select producer)
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