Question 2 Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line. Production schedule for Alpha and Beta (per day)EconomyProductAlphaOrangesApplesOrangesApplesBetaA180150B123101с65D00MThe production possibilities schedules for one day of output for two economies, Alpha and Beta, areshown in the table above.Based on your calculations of opportunity cost, which economy has an absolute advantage in theproduction of oranges?Based on your calculations of opportunity cost, which economy has an absolute advantage in theproduction of apples?Based on your calculations of opportunity cost, which economy has a comparative advantage in theproduction of oranges?Based on your calculations of opportunity cost, which economy has a comparative advantage in theproduction of apples?

Suppose there are two countries, i.e., A and B And they are producing two goods, i.e., X and Y…

Answered: Production schedule for Alpha and Beta…

Production schedule for Alpha and Beta (per day) Economy Product Alpha Beta Oranges Apples Oranges A 18 0 15 B 12 3 10 с 6 6 5 D 0 9 0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Question 2

Full explain this question and text typing work only
We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line.

Production schedule for Alpha and Beta (per day)
Economy
Product
Alpha
Oranges
Apples
Oranges
Apples
Beta
A
18
0
15
0
B
12
3
10
1
с
6
5
D
0
0
M
The production possibilities schedules for one day of output for two economies, Alpha and Beta, are
shown in the table above.
Based on your calculations of opportunity cost, which economy has an absolute advantage in the
production of oranges?
Based on your calculations of opportunity cost, which economy has an absolute advantage in the
production of apples?
Based on your calculations of opportunity cost, which economy has a comparative advantage in the
production of oranges?
Based on your calculations of opportunity cost, which economy has a comparative advantage in the
production of apples?

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