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Absolute advantage in the production of apple

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Reference no: EM131271333

Mr. abed collected data on the production of orange and apple in both Australia and Chain by using per unit (1) of resource.  The following table represents his collected data>

table : Production per unit (1) of resources

country          apple                orange

Australia        50                     20

china                2                     12

questions:

(a) Which country has an  absolute advantage in the  production of apple: of Orange?

(b) What is the apportunity cost of price of  producting an apple at in Australia?  in china?

(c) Which country has a comparative advantage in  the production of apple? of orange?

(d) Suppose that Australia had only 2 units of resources while china has 10 units of resources.

Draw each country's production possibility curve> (assume constant costs).

Reference no: EM131271333

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