Directions: Calculate the per unit opportunity cost for soybeans and sugar in the United States and Brazil and then use that information to answer the questions that follow. Calculate the per unit opportunity cost of producing Soybeans Calculate the per unit opportunity cost of producing Sugar 5.4 Soybeans Sugar United States 108 tons 0.18 20 tons Brazil 86 tons 0.11 10 tons 8.6 2 Who has the absolute advantage in producing soybeans? Why? 3 Who has the comparative advantage in producing soybEans? Why (use data from the chart to exxplain your answer)? 4. Who has the comparative advantage in producing sugar? Why (use data from the chart to explain your answer)?
Directions: Calculate the per unit opportunity cost for soybeans and sugar in the United States and Brazil and then use that information to answer the questions that follow. Calculate the per unit opportunity cost of producing Soybeans Calculate the per unit opportunity cost of producing Sugar 5.4 Soybeans Sugar United States 108 tons 0.18 20 tons Brazil 86 tons 0.11 10 tons 8.6 2 Who has the absolute advantage in producing soybeans? Why? 3 Who has the comparative advantage in producing soybEans? Why (use data from the chart to exxplain your answer)? 4. Who has the comparative advantage in producing sugar? Why (use data from the chart to explain your answer)?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
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The chart is already done. Need help with the questions below.
![soybeans.
Directions: Calculate the per unit opportunity cost for soybeans and sugar in the United States and
Brazil and then use that information to answer the questions that follow.
Calculate the
per
unit
Calculate the per unit
Sugar
opportunity cost of
producing Sugar
54
Soybeans
opportunity cost of
producing Soybeans
0.18
United States
108 tons
20 tons
Brazil
86 tons
0.11
10 tons
8.6
2 Who has the absolute advantage in producing soybeans? Why?
Who has the comparative advantage in producing soybeans? Why (use data from the chart to explain
your answer)?
3.
Who has the comparative advantage in producing sugar? Why (use data from the chart to explain
your answer)?
4.
5. Would the United States benefit from a trade? Why or why not (use data from the chart to explain your
answer)?
6. What would need to happen for Brazil to benefit from the trade?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0acfe866-ae49-4030-aca3-2c6eaa3c19c9%2F667acbf3-9126-4747-9cc2-406cde6b780f%2Fk3f1tlr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:soybeans.
Directions: Calculate the per unit opportunity cost for soybeans and sugar in the United States and
Brazil and then use that information to answer the questions that follow.
Calculate the
per
unit
Calculate the per unit
Sugar
opportunity cost of
producing Sugar
54
Soybeans
opportunity cost of
producing Soybeans
0.18
United States
108 tons
20 tons
Brazil
86 tons
0.11
10 tons
8.6
2 Who has the absolute advantage in producing soybeans? Why?
Who has the comparative advantage in producing soybeans? Why (use data from the chart to explain
your answer)?
3.
Who has the comparative advantage in producing sugar? Why (use data from the chart to explain
your answer)?
4.
5. Would the United States benefit from a trade? Why or why not (use data from the chart to explain your
answer)?
6. What would need to happen for Brazil to benefit from the trade?
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