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

potatoes chickens

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

## Answer This Question

## Related Questions

- Microeconomics - Suppose that two people, Michelle and James each live alone in ...
- MICROECONOMICS - Suppose that two people, Michelle and James each live alone in ...
- Microeconomics - Suppose that two people, Michelle and James each live alone ...
- Microecinomics - If Michelle devotes all her resources to growing potatoes, she ...
- econimics - Suppose that two people, Michelle and James each live alone in an ...
- microeconomics - Michelle has 200lbs of potatoes and 50 cchickens. James has ...
- econ - Suppose that two people, Michelle and James each live alone in an ...
- Microeconomics - Suppose that two people, Michelle and James each live alone in ...
- microeconomics - Suppose that two people, Mary and John each live alone in an ...
- marketing - QUESTION #1 cost analysis with graph office copier has an initial ...

More Related Questions