Question: Using the data presented in the table below answer the followings: a) which country has comparative advantage in the production of apples, oranges? Explain
Using the data presented in the table below answer the followings: a) which country has comparative advantage in the production of apples, oranges? Explain and show work. (10 points) b) which country has an absolute advantage in the production of apples, oranges? Explain. (5 points) c) Which country should specialize in the production of apples, oranges? Explain why. (5 points) Production per worker: U.S. Mexico Apples 100 600 Oranges 300 150
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