Question
Output peanut butter jelly Elias 10 5 Tieran 9 6 The table shows the maximum amount of peanut butter and jelly that Elias and Tieran
Output | peanut butter | jelly |
---|---|---|
Elias | 10 | 5 |
Tieran | 9 | 6 |
The table shows the maximum amount of peanut butter and jelly that Elias and Tieran can produce with the same amount of resources.
What is Elias's opportunity cost for 10 units of peanut butter?
units of (select unit)peanut butter or jelly
What is Elias's opportunity cost for 1 unit of peanut butter?
units of (select unit)peanut butter or jelly
What is Tieran's opportunity cost for 9 units of peanut butter?
units of (select unit)peanut butter or jelly
What is Tieran's opportunity cost for 1 unit of peanut butter?
units of (select unit)peanut butter or jelly
What is Elias's opportunity cost for 5 units of jelly?
units of (select unit)peanut butter or jelly
What is Elias's opportunity cost for 1 unit of jelly?
units of (select unit)peanut butter or jelly
What is Tieran's opportunity cost for 6 units of jelly?
units of (select unit)peanut butter or jelly
What is Tieran's opportunity cost for 1 unit of jelly?
units of (select unit)peanut butter or jelly
Who has the lower opportunity cost for producing peanut butter?
(select producer)Elias or Tieran
Who has the lower opportunity cost for producing jelly?
(select producer)Elias or Tieran
Who has the absolute advantage in producing peanut butter?
(select producer)Elias or Tieran
Who has the absolute advantage in producing jelly?
(select producer)Elias or Tieran
Who has the comparative advantage in producing peanut butter?
(select producer)Elias or Tieran
Who has the comparative advantage in producing jelly?
(select producer)Elias or Tieran
If they specialize and trade, who should produce peanut butter?
(select producer)Elias or Tieran
If they specialize and trade, who should produce jelly?
(select producer)Elias or Tieran
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