/file/d/1y9fdDp9eAIOkc50DMbxAN9-Y7QU_4_nB/viewClasswork.pdf-Go XS A randoref Au...CGH.Butter2. Blanco can produce any of the following combinations of goods X and Y: (a) 100 X and 0 Y.(b) 50 X and 25 Y, and (c) 0 X and 50 Y. David can produce any of the followingcombinations of X and Y: (a) 50 X and 0 Y, (b) 25 X and 40 Y, and (c) 0 X and 80 Y. Whohas the comparative advantage in the production of good X? Of good Y? Explain youranswer.3. Follow the table mentioned belowABCD8.LaptopOrange6.2018148.a)Find out the opportunity costs of Laptop in terms of orange from point A to point B, point B topoint C and point C to point D.,b)Now think that Laptop company have started using new improved technology in producing laptop,Draw the new PPFHnd 20 noges of economics in an hour She can also read 50 pages of sociology in

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2. Blanco can produce any of the following combinations of goods X and Y: (a) 100 X and 0 Y. (b) 50 X and 25 Y, and (c) 0 X and 50 Y. David can produce any of the following combinations of X and Y: (a) 50 X and 0 Y, (b) 25 X and 40 Y, and (c) 0 X and 80 Y. Who has the comparative advantage in the production of good X? Of good Y? Explain your answer.

2. Blanco can produce any of the following combinations of goods X and Y: (a) 100 X and 0 Y. (b) 50 X and 25 Y, and (c) 0 X and 50 Y. David can produce any of the following combinations of X and Y: (a) 50 X and 0 Y, (b) 25 X and 40 Y, and (c) 0 X and 80 Y. Who has the comparative advantage in the production of good X? Of good Y? Explain your answer.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter6: Demand Relationships Among Goods

Section: Chapter Questions

Problem 6.3P

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