The Bahamas and India produce both pineapple and rice (both measured in tons). The tablebelow illustrates their production possibilities.The BahamasPineappleIndiaRiceRicePineapple1005090547.51080104515701542.52060204025502537.550100(a) In the Bahamas, what is the opportunity cost of a ton of pineapples, and of a ton of rice?(b) In India, what is the opportunity cost of a ton of pineapple, and of a ton of rice?(c) Which country has a comparative advantage in the production of pineapple?

Opportunity cost is the best next best cost , or next best alternative called opportunity cost, so…

(a) In the Bahamas, what is the opportunity cost of a ton of pineapples, and of a ton of rice? (b) In India, what is the opportunity cost of a ton of pineapple, and of a ton of rice? (c) Which country has a comparative advantage in the production of pineapple?

(a) In the Bahamas, what is the opportunity cost of a ton of pineapples, and of a ton of rice? (b) In India, what is the opportunity cost of a ton of pineapple, and of a ton of rice? (c) Which country has a comparative advantage in the production of pineapple?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter33: International Trade

Section: Chapter Questions

Problem 19CTQ: Look at Exercise 33.2. Compute the opportunity costs of producing sweaters and wine in both France...

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