M2 Interactive Quiz - Determining Absolute and Comparative Advantage The table shows the maximum amount of pots and pans that Coel and Nasser can Output pots pans produce with the same amount of resources. Coel 5 15 Nasser 8 7 What is Coel's opportunity cost for 5 units of pots? 3 units of (select unit) What is Coel's opportunity cost for 1 unit of pots? 3 units of (select unit) What is Nasser's opportunity cost for 8 units of pots? 3 units of (select unit) What is Nasser's opportunity cost for 1 unit of pots? 3 units of (select unit) What is Coel's opportunity cost for 15 units of pans? 2 units of (select unit) What is Coel's opportunity cost for 1 unit of pans? 3 units of (select unit) 9 What is Nasser's opportunity cost for 7 units of pans? 3 units of (select unit) What is Nasser's opportunity cost for 1 unit of pans? 3 units of (select unit) 8 Who has the lower opportunity cost for producing pots? (select producer) M2 Interactive Quiz - Determining Absolute and Comparative Advantage Who has the lower opportunity cost for producing pots? (select producer) a Who has the lower opportunity cost for producing pans? (select producer) 8 Who has the absolute advantage in producing pots? (select producer) a Who has the absolute advantage in producing pans? (select producer) 8 Who has the comparative advantage in producing pots? (select producer) a Who has the comparative advantage in producing pans? (select producer) If they specialize and trade, who should produce pots? (select producer) If they specialize and trade, who should produce pans? (select producer) Directions: Answer the questions above based on the information given. Round your numerical responses to the nearest tenth