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March 2, 2015

March 2, 2015

Posted by **wendy** on Sunday, April 1, 2012 at 4:25pm.

MICHELLE 200 PER YEAR 50 PER YEAR

jAMES 80 PER YEAR 40 PER YEAR

What is michelles opportunity cost of p

roducing potatoes

WHAT is MICHELLES OPPORTUNITY COST of producing chickens

repeat same opportunitity cost for

James

WHICH PERSON MICHELLE OR jAMES HAS COMPARATIVE ADVANTAGE IN POTATOES OR CHICKENS

Suppose that theyare thinking of each specializing completely in the area in which they have a comparative advantage, and then trading at a rate of 2.5pounds of potatoes for 1 chicken, would they each be better off ,explain

How would you explain the above narrative to businesses, society as a whole nation explain

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