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The following table gives the output per day in Panama and Guyana in the production of Cars and Phones. Show all workings Output per hour

The following table gives the output per day in Panama and Guyana in the production of Cars and Phones. Show all workings Output per hour TVs Computers Panama 60 40 Japan 48 30 i) Who has absolute advantage in TVs? Justify your response. (2 marks) ii) Who has absolute advantage in Computers? Justify your response. (2 marks) iii) Who has comparative advantage in Computers? Justify your response. (3 marks) iii) Who has comparative advantage in TVs? Justify your response

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