What is the opportunity cost of producing 1 kilogram

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Reference no: EM133426033

Shows the production possibility frontiers for Pakistan and Indonesia. Each country pro- duces two goods, cotton, and cashews.

(a) Suppose that each country has the same amount of resources and the same technological knowledge. Does either Indonesia or Pakistan have an absolute advantage and, if so, in what product?

(b) What is the opportunity cost of producing 1 bolt of cotton for each country?

(d) Which country has a comparative advantage in the production of cotton? Which country has a comparative advantage in the production of cashews?

(e) If the two countries specialise and trade, who should export cotton? And who should export cashew?

Reference no: EM133426033

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