Use the table below, showing the maximum quantities they each specialized entire

Question

Use the table below, showing the maximum quantities they each specialized entirely in one good or the other, to answer Questions 23-35 of twe items that two countries could produce if Industry Ceuntry Nerdomania Bozonia Electronic 8 tons 2 tons Toys 5 boxes 1 boxes 25. The opportunity cost of a ton of electronic equipment in Nerdomania is 5 boxes of toys 5/8 boxes of toys 1.6 boxes of toys 4 boxes of toys ½ box of toys a) b) e) 6 26. The opportunity cost of a ton of electronic equipment in Bozonia is a) 5 boxes of toys b) 5/8 boxes of toys c) 1.6 boxes of toys d) 4 boxes of toys a ½ box of toys 12 2 27. Which country has the comparative advantage in producing electronics? Nerdomania b) Bozonia c) both d) neither e) you can't tell from the information given 28. If it follows the principle of comparative advantage, which item should Nerdomania tend specialize in producing? a) electronic equipment toys c) both d) neither e) you can't tell from the information given

Explanation / Answer

25

opporunity cost of a ton of electronic equipment in Nerdomania=5/8 Boxes of toys

26

opporunity cost of a ton of electronic equipment in bozonia=1/2 Boxes of toys

27.

bozonia

because it has lower opporunity cost of a ton of electronic equipment

28.

toys

because it has lower opporunity cost of for toys

the above are the answers

we do only first 4 questions based on Chegg rule

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.