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 AB CDE 75 60 45 30 15 0 05 10 15 20 25 Production Alternatives Production (lbr) ABCDEF Apples Bananas Production(lbs) Apples F 16 8 0 16 20 40 32 24 4 8 12 Bananas 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:

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
Section: Chapter Questions
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i need Solution of 1a, 1b, and 2a

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.
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.
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