Solution-Cost of producing a football

Cost of producing a football

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Reference no: EM131405604

The following table illustrates the production capabilities of Ohio and Michigan. The two states each have the ability to make footballs and basketballs as shown:

	Ohio	Michigan
Footballs	3 per hour	1 per hour
Basketballs	6 per hour	4 per hour

Using this table, you must find the opportunity costs of production. Fill in the blanks below.

Michigan's opportunity cost of producing a football is basketballs.

Ohio's opportunity cost of producing a football is basketballs.

Who has the comparative advantage in producing a football? The comparative advantage in football production belongs to.

Enter M for Michigan or O for Ohio.

Reference no: EM131405604

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Cost of producing a football

Reference no: EM131405604

Reference no: EM131405604

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