What are Debbie and Mikes opportunity costs for washing dishes?

1a. Which country has the abs Show more Based on the PPF for country A and B answer the following questions: 1a. Which country has the absolute advantage in cars? Explain. (1 points) 1b. What is the opportunity cost of producing one more unit of fish for the nation you identified in 1a? (1 point) 1c. Given the terms of trade for one unit of fish for two units of cars answer the following questions: (2 points) Would the terms of trade be beneficial for country A? Would the terms of trade be beneficial for country B? 1d. Which country should import fish? (1 point) 1e. Suppose country As productivity doubles for fish and cars answer the following questions: Which country has the absolute advantage in producing cars? Explain. (1 points) Which country has the comparative advantage in producing fish? Explain. (1 points) 2. Using the following tables answer the questions associated with each PPF. (5 points each) a. Time to complete given chore Mike Debbie Vacuum a room 60 minutes 45 minutes Wash a load of dishes 30 minutes 45 minutes i. Is this an input or output problem? ii. Does either person have an absolute advantage? Which chore? iii. What are Debbie and Mikes opportunity costs of vacuuming? iv. What are Debbie and Mikes opportunity costs for washing dishes? v. Who should do what chore and why? b. Time to produce Poland Ukraine Cars 12 10 Computers 4 6 i. Is this an input or output problem? ii. Does either person have an absolute advantage? Which chore? iii. What are the opportunity costs for computers for both countries? iv. What are the opportunity costs for cars for both countries? v. Which nation should produce which product and why? Show less

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