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Absolute and Comparative Advantage
or
OUTPUT TABLE
SOYBEANS
AVOCADOS
USA
30
90
MEXICO
15
60
1. Based on the above PPFs (or Output Table) for the United States and Mexico, which region has an absolute advantage in Soybean production? Which region has an absolute advantage in Avocado production?
2. Please complete the following opportunity cost table. (Hint: In order to produce one unit of Soybeans how many Avocados must U.S./Mexico give up and in order to produce one unit of Avocados how much Soybeans must U.S./Mexico give up.)
Opportunity Cost Table
Mexico
Soybeans
Avocados
3. Based on the completed Opportunity Cost Table which country has a comparative advantage in Soybean production? Which region has a comparative advantage in Avocado production?
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