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Author Question: Table 2-16One MotorcycleOne GuitarIreland10 hours2.5 hoursScotland9 hours2 hoursRefer to Table 2-16. ... (Read 172 times)

geodog55

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on: Oct 5, 2019

Table 2-16

​One MotorcycleOne Guitar
Ireland10 hours2.5 hours
Scotland9 hours2 hours

Refer to Table 2-16. This table shows the number of labor hours required to produce a motorcycle and a guitar in Ireland and Scotland.

a.

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

b.

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

c.

What is Ireland's opportunity cost of producing one motorcycle?

d.

What is Scotland's opportunity cost of producing one motorcycle?

e.

What is Ireland's opportunity cost of producing one guitar?

f.

What is Scotland's opportunity cost of producing one guitar?

g.

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

h.

If each country specializes in the production of the product in which it has a comparative
advantage, which country should produce guitars?
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Marked as best answer by geodog55 on Oct 5, 2019

jjorrostieta

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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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geodog55

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Reply #2 on: Oct 5, 2019
Thanks


jjorrostieta

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Reply #3 on: Oct 5, 2019
Welcome :)


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