Refer to Table 3-3. What is the opportunity cost of one sweater for Maria? O 2 coats 3 coats 4 coats 5 coats

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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given this table please answer the gollowing 2 questions. will leave a thumbs up for the correct answer! thank you!!

Table 3-3
#1
Maria
Courtney
2 coats
3 coats
4 coats
Labour hours needed to make
one unit:
5 coats
Sweater
40
20
Coat
8
5
Amount produced in 40 hours:
Sweater
1
2
Refer to Table 3-3. What is the opportunity cost of one sweater for Maria?
Coat
5
8
Transcribed Image Text:Table 3-3 #1 Maria Courtney 2 coats 3 coats 4 coats Labour hours needed to make one unit: 5 coats Sweater 40 20 Coat 8 5 Amount produced in 40 hours: Sweater 1 2 Refer to Table 3-3. What is the opportunity cost of one sweater for Maria? Coat 5 8
Refer to Table 3-3. What does each of the two producers have a comparative advantage in?
Maria has a comparative advantage in coats, and Courtney has a comparative advantage in sweaters.
Maria has a comparative advantage in both goods, and Courtney has a comparative advantage in neither good.
Maria has a comparative advantage in sweaters, and Courtney has a comparative advantage in coats.
Maria has a comparative advantage in neither good, and Courtney has a comparative advantage in both goods.
Transcribed Image Text:Refer to Table 3-3. What does each of the two producers have a comparative advantage in? Maria has a comparative advantage in coats, and Courtney has a comparative advantage in sweaters. Maria has a comparative advantage in both goods, and Courtney has a comparative advantage in neither good. Maria has a comparative advantage in sweaters, and Courtney has a comparative advantage in coats. Maria has a comparative advantage in neither good, and Courtney has a comparative advantage in both goods.
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