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Table 3-6 Assume that Maya and Miguel can switch between producing mixers and producing toasters at a constant rate. Hours Needed Amount Produced To Make

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Table 3-6 Assume that Maya and Miguel can switch between producing mixers and producing toasters at a constant rate. Hours Needed Amount Produced To Make in 40 Hours mixer toaster mixers toasters May 8 5 5 8 Miguel 20 10 2 4 103. Refer to Table 3-6. Miguel has an absolute advantage in the production of a. both goods and a comparative advantage in the production of mixers. b. both goods and a comparative advantage in the production of toasters. c. neither good and a comparative advantage in the production of mixers. d. neither good and a comparative advantage in the production of toasters. Figure 3-11 The graph below represents the various combinations of ham and cheese (in pounds) that the nation of Bonovia could produce in a given month. T Cheese 360 -in pounds) 320 280+ 240- 200- 160 120+ 80 - 40 40 80 120 160 200 240 280 320 360 400 Ham (in pounds) 20. Refer to Figure 3-11. In the nation of Cropitia, the opportunity cost of a pound of cheese is 1.5 pounds of ham. Based on this information, if Bonovia and Cropitia want to trade, Bonovia should specialize in the production of a. ham and import cheese. b. cheese and import ham. C . both goods and import neither good. d. neither good and import both goods

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