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Author Question: Table 2-12Digital CameraWheat (bushels)China100 hours5 hoursSouth Korea90 hours3 hoursRefer to Table ... (Read 156 times)

Mr. Wonderful

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on: Oct 5, 2019

Table 2-12

​Digital CameraWheat (bushels)
China100 hours5 hours
South Korea90 hours3 hours

Refer to Table 2-12. This table shows the number of labor hours required to produce a digital camera and a bushel of wheat in China and South Korea.

a.

Which country has an absolute advantage in the production of digital cameras?

b.

Which country has an absolute advantage in the production of wheat?

c.

What is China's opportunity cost of producing one digital camera?

d.

What is South Korea's opportunity cost of producing one digital camera?

e.

What is China's opportunity cost of producing one bushel of wheat?

f.

What is South Korea's opportunity cost of producing one pound of wheat?

g.

If each country specializes in the production of the product in which it has a comparative
advantage, who should produce digital cameras?

h.

If each country specializes in the production of the product in which it has a comparative
advantage, who should produce wheat?
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Marked as best answer by Mr. Wonderful on Oct 5, 2019

helenmarkerine

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Reply #1 on: Oct 5, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Mr. Wonderful

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Reply #2 on: Oct 5, 2019
TY


helenmarkerine

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Reply #3 on: Oct 5, 2019
You're welcome


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