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The following table shows the maximum number of Apples and Banana that Country A and Country B can produce in one day. Apple Banana Country
The following table shows the maximum number of Apples and Banana that Country A and Country B can produce in one day.
Apple
Banana
Country A
6
3
Country B
1
2
Which country has Absolute Advantage in the production of Apple and Banana?
Answer:
What is the opportunity cost of Apple and Banana produced by country A?
Answer:
What is the opportunity cost of Apple and Banana produced by country B?
Answer:
Which country has comparative advantage in the production of Apple and Banana?
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