Comparate & Absolute Adantage Worksheets [Compatibility Model Word HILE HOME INS
ID: 1137830 • Letter: C
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Comparate & Absolute Adantage Worksheets [Compatibility Model Word HILE HOME INSER DESIGN PAGE LAYOUT REHERENYES MAILINGS REVIEWVIEW lessica Sheeffiel: Cut limes NeW12 AaBbCcD AaßbCeD AaßbCeD AaßbCeD AaBbCcD AaBbCcl Paste. Cnpy Replace Select B , u-, x' A.2-, , ,n. 1Normal 1NO Spac Heading 1 Heading 2 Title Subtitle Subtle Em Emphasis Intense E. Strong Ouote Fomat Painter sly es Use the following information to answer questions 36. 37, 38, 39, 40, and 41 Sawyer and Charlie are "lost" on a remote island and must collect coconuts and pineapples in order to survive. Sawyer can collect the 60 coconuts in one hour or 30 pineapples in one hour. Charlie can collect 50 coconuts in one hour or 40 pineapples in one hour. Based on this information, answer the following questions. 36. Given the above information, who has the absolute advantage in collecting coconuts and who has the absolute advantage in collecting pineapples? A. Sawyer has the absolute advantage in both coconuts and pineapples B. Charlie has the absolute advantage in both coconuts and pineapples. C. Sawyer has the absolute advantage in coconuts and Charlie has the absolute advantage in pineapples. D. Sawyer has the absolute advantage in pineapples and Charlie has the absolute advantage in coconuts. 37. Given the above information, the opportunity cost of 1 coconut for Sawyer is A.2 pineapples B.12 pincapples 30 pincapples D. ½ or.5 pineapples 38. Given the above information, the opportunity cost of 1 pineapple for Sawyer is A.60 coconuts B..75 coconuts C.2 coconuts D. ½ or .5 coconuts 12:37 PM O Type here to search 9/19/183Explanation / Answer
Answer : 36) The correct option is C.
Based on given informations Sawyer collects 60 coconuts and Charlie collects 50 coconuts in one hour. As at the same given time Sawyer collects more coconuts than Charlie, hence for coconut Sawyer has absolute advantage.
Similarly, Sawyer collects 30 pineapples and Charlie collects 40 pineapples in one hour. As at the same given time Charlie collects more pineapples than Sawyer, hence for pineapple Charlie has absolute advantage.
37) The correct option is D.
For Sawyer,
60 coconuts collection looses 30 pineapples
1 coconut collection loose = 30/60 = 1/2 or 0.5 pineapple.
Therefore, for 1 coconut Sawyer's opportunity cost is 0.5 or 1/2 pineapple.
38) The correct option is C.
For Sawyer,
30 pineapples collection looses 60 coconuts
1 pineapple collection loose = 60/30 = 2 coconuts.
Therefore, for 1 pineapple collection Sawyer's opportunity cost is 2 coconuts.
39) The correct option is A.
For Charlie,
50 coconuts collection looses 40 pineapples
1 coconut collection loose = 40/50 = 4/5 or 0.8 pineapple.
Therefore, for 1 coconut collection Charlie's opportunity cost is 4/5 or 0.8 pineapple.
40) The correct option is C.
For Charlie,
40 pineapples collection looses 50 coconuts
1 pineapple collection loose = 50/40 = 5/4 or 1.25 coconuts.
Therefore, for 1 pineapple collection Charlie's opportunity cost is 5/4 or 1.25 coconuts.
41) The correct option is C.
Sawyer has comparative advantage for coconut because of lower opportunity cost than Charlie in coconut collection.
Charlie has comparative advantage for pineapple because of lower opportunity cost than Sawyer in pineapple collection.
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