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The US, Mexico, and Canada all produce steel and com The table below shows the total production for each good if the country specialized in
The US, Mexico, and Canada all produce steel and com The table below shows the total production for each good if the country specialized in that good The units for the opportunity cost of producing corn will be |:|t Fill in the opportunity cost of producing corn (just the value, no units) for each country in the table below (Include two decimal places.) Country Steel Corn OC of corn US 1000 tons 1000 bushels Mexico 100 tons 500 bushels Canada 700 tons 100 bushels |:| The US has the absolute advantage in producing : _ has a comparative advantage in producing corn. _ has a comparative advantage in producing steel. Consider the joint production possibility frontier (PPF) below representing the above situation The graph is not drawn to scale. Can D E F saw what are the values marked on the axes? A = bushels of corn B = bushels of corn C = bushels of corn D = tons of steel E = tons of steel F = tons of steel Producing 1000 bushels of corn and 900 tons of steel is s and s Suppose the total production is 1200 bushels of corn and 1000 tons of steelt Then, . the US is producing bushels of corn and tons of steel, . Mexico is producing |:| bushels of corn and El tons of steel,
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