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April 24, 2014

Homework Help: ECONOMICS dreadfully lost please help

Posted by jamma on Sunday, September 23, 2012 at 12:10pm.

Canada

Honey (IN tons)/ Maple (in tons)
0 60
10 45
20 30
30 15
40 0

United States
Honey (in tons)/ Maple (in tons)
0 50
10 40
20 30
30 20
40 10
50 0

the question is who has a comparative advantage in producing maple syrup and who has the advantage in producing honey..

my answer book is saying when canada produces 1 more ton of maple syrup it produces 0.67 ton less of honey. where'd the 0.67 come from how do you calculate that?

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