Carmen and Dennis live on a desolate island.  They spend their days fishing or climbing trees to collect coconuts.  The following table shows how much of each activity Carmen and Dennis can produce for each hour of work.  They each can work up to 12 hours a day.   Fish per hour Coconuts per hour Carmen 40 8 Dennis 28 7   On a piece of paper, draw Carmen's PPF with fish on the horizontal (x) axis and coconuts on the vertical (y) axis.  Carment's PPF extends from Question Blank 1 of 9 to Question Blank 2 of 9. (Hint: your answer should be in the form of a point (x,y).) Question Blank 3 of 9    has an absolute advantage in the production of fish, and  Question Blank 4 of 9    has an absolute advantage in the production of coconuts. Carmen's opportunity cost of producing 1 coconut is Question Blank 5 of 9 fish, while Dennis' opportunity cost of producing 1 coconut is Question Blank 6 of 9 fish.  Because Carmen has a  Question Blank 7 of 9    opportunity cost of producing coconuts than Dennis,  Question Blank 8 of 9    has a comparative advantage in the production of coconuts, and  Question Blank 9 of 9    has a comparative advantage in the production of fish

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Carmen and Dennis live on a desolate island.  They spend their days fishing or climbing trees to collect coconuts.  The following table shows how much of each activity Carmen and Dennis can produce for each hour of work.  They each can work up to 12 hours a day.

  Fish per hour Coconuts per hour
Carmen 40 8
Dennis 28 7

 

On a piece of paper, draw Carmen's PPF with fish on the horizontal (x) axis and coconuts on the vertical (y) axis.  Carment's PPF extends from Question Blank 1 of 9 to Question Blank 2 of 9. (Hint: your answer should be in the form of a point (x,y).)

Question Blank 3 of 9
 

 has an absolute advantage in the production of fish, and 

Question Blank 4 of 9
 

 has an absolute advantage in the production of coconuts.

Carmen's opportunity cost of producing 1 coconut is Question Blank 5 of 9 fish, while Dennis' opportunity cost of producing 1 coconut is Question Blank 6 of 9 fish.  Because Carmen has a 

Question Blank 7 of 9
 

 opportunity cost of producing coconuts than Dennis, 

Question Blank 8 of 9
 

 has a comparative advantage in the production of coconuts, and 

Question Blank 9 of 9
 

 has a comparative advantage in the production of fish

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