4. The cost of producing 1 apple is lower in the country. Your answer 5. The cost of producing 1 banana is lower in the country. Your answer 6. Lilliput has a comparative advantage in the production of Your answer
4. The cost of producing 1 apple is lower in the country. Your answer 5. The cost of producing 1 banana is lower in the country. Your answer 6. Lilliput has a comparative advantage in the production of Your answer
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 13SCQ: A country called Sherwood is very heavily covered with a forest of 50,000 trees. There are proposals...
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i need Solution of 4,5,6 part
![Q2: There are two countries named Lilliput and Brobdingnag. We have the
production possibilities tables for apples and bananas for both countries. Use
this data to fill in the blanks below.
|Lilliput Production Possibilities:
Brobdingnag Production Possibilities:
Production Alternatives
Production Altermatives
Production (Ibs)ABCD E
Apples
Bananas
Production(lbs)
Apples
ABCD
75 60 45 30
F
E
40
32
24
16
8.
15
4
8
12 16 20
Bananas
10 15 20 25
la. Which country has absolute advantage in production of the following good?
Please state the name of the country in front of each good. Bananas:
Your answer
1b. Which country has absolute advantage in production of the following good?
Please state the name of the country in front of each good. Apples:
Your answer
2a. In Lilliput, the cost of producing: 1 apple is:
bananas.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F06b1db28-c256-4774-8db3-f89a64a4eb94%2F7dcc5ebe-836c-437d-8000-1b0eeef48b3d%2Fscu7az_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Q2: There are two countries named Lilliput and Brobdingnag. We have the
production possibilities tables for apples and bananas for both countries. Use
this data to fill in the blanks below.
|Lilliput Production Possibilities:
Brobdingnag Production Possibilities:
Production Alternatives
Production Altermatives
Production (Ibs)ABCD E
Apples
Bananas
Production(lbs)
Apples
ABCD
75 60 45 30
F
E
40
32
24
16
8.
15
4
8
12 16 20
Bananas
10 15 20 25
la. Which country has absolute advantage in production of the following good?
Please state the name of the country in front of each good. Bananas:
Your answer
1b. Which country has absolute advantage in production of the following good?
Please state the name of the country in front of each good. Apples:
Your answer
2a. In Lilliput, the cost of producing: 1 apple is:
bananas.
![4. The cost of producing 1 apple is lower in the
country.
Your answer
5. The cost of producing 1 banana is lower in the
country.
Your answer
6. Lilliput has a comparative advantage in the production of
Your answer
7. Brobdingnag has a comparative advantage in the production of
Your answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F06b1db28-c256-4774-8db3-f89a64a4eb94%2F7dcc5ebe-836c-437d-8000-1b0eeef48b3d%2Ft2tgwl_processed.png&w=3840&q=75)
Transcribed Image Text:4. The cost of producing 1 apple is lower in the
country.
Your answer
5. The cost of producing 1 banana is lower in the
country.
Your answer
6. Lilliput has a comparative advantage in the production of
Your answer
7. Brobdingnag has a comparative advantage in the production of
Your answer
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