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The Bahamas and India produce pineapple and rice (both measured in tons). The following table illustrates its production possibilities. Las Bahamas. India Rice | Pineapple
The Bahamas and India produce pineapple and rice (both measured in tons). The following table illustrates its production possibilities. Las Bahamas. India Rice | Pineapple Rice | Pineapple 0. 100. 0. 50. 5. 90. 0 47.5 10. 80. 10. 45 15. 70. 15. 42.5 20. 60. 20. 40 25. 50. 25. 37.5 50. 0. 100. 0 Answer the next questions: Identify your answers. a) In the Bahamas, what is the opportunity cost of one ton of pineapples and one ton of rice? b) In India, what is the opportunity cost of a ton of pineapple and a ton of rice? c) Which country has a comparative advantage in pineapple production? d) Show how if each country specialized in that good for which it has a comparative advantage and divided the resulting production, each could consume more than if it did not trade
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