Question 6

Production possibilities schedul for venice and florence

Venice pasta	Wine	Florence Pasta	Wine
40	0	40	0
20	20	20	50
0	40	0	100

What is Venice's opportunity Cost of producing 1 pound of pasta

2.5 bottles of wine

2 bottles of wine

.4 bottles of wine

1 bottle of wine

What is the venice's opportunity costs of product one bottle of wine

___- pounds of pasta

What is Florence's opporunity costs of producing one pound of poasta?

2 bottles

.4 bottles

1 bottle

2.5 bottle

What is Florences oppportunity costs of producing one bottle of wine

3.____ has the comparative advantage in producing posta and _____ has the comparative advantage in