Question: please answer the following and make sure to make 2 PPCs for a e. A mayor who lost an election and retired * * *Micro

please answer the following and make sure to make 2 PPCs for a

please answer the following and make sure to make 2 PPCs for

e. A mayor who lost an election and retired * * *Micro Review*** 9. Guam can produce 24,000 apples or 48,000 calculators in a year with 10,000 workers. The United States can produce 90,000 apples or 30,000 calculators in a year with 10,000 workers. a. Assume that these are the only two products these countries produce and that there is no specialization. Draw a PPF for each country 2 pt b. Which country has an absolute advantage in the production of apples? Explain. 1 point c. Which country has an absolute advantage in the production of calculators? Explain 1 point d. Which country has a comparative advantage in the production of calculators? Explain. 2 points e. What would be an acceptable rate of trade that benefits both countries? Explain. 1 point

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