Compute the opportunity costs of tvs and computers

Reference no: EM13236953

In one minute, Country B can produce either 1,000 TVs and no computers or 500 computers and no TVs. Similarly, in one minute Country C can produce either 2,400 TVs or 600 computers.

A) Compute the opportunity costs of TVs and computers for each country.

B) Which country has a comparative advantage in producing TVs? Which country has a comparative advantage in producing computers?

C) Also, consider the personal computer industry. Do you think the industry has an upward sloping, downward sloping, or horizontal long-run industry supply curve?

Reference no: EM13236953

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