Question: Based on the table below, which is a PPF table depicting maximum output capabilities for each good, determine who has comparative advantage in pumpkins. You

Based on the table below, which is a PPF table depicting maximum output capabilities for each good, determine who has comparative advantage in pumpkins. You must show work to receive credit. (6 pts.)

?	Apples	Pumpkins
Jericho	200	300
Syosset	100	200

a) Based on your results to the previous question (table above), which would be the world price of apples, $3 or $6? Explain.

b) Using the world price selected in b, determine the Qs(domestic) and Qd(domestic)

c) Would a quota help or hurt domestic producers of apples? Explain

maximum output capabilities for each good, determine who has comparative advantage in

LONG ISLAND Price 9.00 Supplydom 7.00 5.00 3.00 2.00 Demanddom 1.00 0.50 25 50 100 200 300 400 Qty

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