Question: Question Three: [4 Marks] Consider two commodities X&Y being produced by countries A&B. The available resources needed to produce one ton of each commodity are

Question Three: [4 Marks] Consider two

Question Three: [4 Marks] Consider two commodities X&Y being produced by countries A&B. The available resources needed to produce one ton of each commodity are given in the next table. Available resources Country A Country B 150 Units needed to produce 1 ton Y 1 3 2 10 80 i. Calculate the amount of commodity X&Y produced if 50% of the resources are used for product X and the rest for product Y in each country. ii. Illustrate using charts how to increase the global efficiency by applying the Comparative advantage theory

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