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Use the following table for the questions 20-23: Pies Kim Liam Cakes 50 25 75 50 20. Kim should specialize in making cakes (True or

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Use the following table for the questions 20-23: Pies Kim Liam Cakes 50 25 75 50 20. Kim should specialize in making cakes (True or false)? 21. Liam has an absolute advantage in making pies (True or False)? 22. What is Kim's opportunity cost of making Cakes? 23. What does Liam have a comparative advantage in: a. Pies b. Cakes C. Nothing e the following table for questions 24-25: Ethanol Food 70 0 65 1 55 2 40 3 20 4 0 5 24. What is the opportunity cost of moving from 0 to 1 food? 25. What is the opportunity cost of moving from 20 to 40 ethanol

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