Question: Wallah's production A B C D E Pork: 4 3 2 1 0 Beans: 0 5 10 15 20 Pasco's Production A B C D

Wallah's production

A B C D E

Pork: 4 3 2 1 0

Beans: 0 5 10 15 20

Pasco's Production

A B C D E

Pork: 8 6 4 2 0

Beans: 0 6 12 18 24

a) What are the costs of the products in each country?

Walla: 1 unit of pork costs:

1 unit of beans costs:

Pasco: 1 unit of pork costs:

1 unit of beans costs:

b) If prior to specialization and trade, Walla produced at Combination "C" and Pasco produced at Combination "B", what would be the total gains from trade if each country specialize in what they do best? (2 marks)

Pork :

Beans:

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