The table below shows the maximum number of Pithas or Pizzas that Ayesha and Alina can cook in 1 hour. Maximum Maximum Opportunity Opportunity Cost of 1 Person Pithas Pizza Cost of 1 Pitha Pizza Ayesha 60 120 0.5 Alina 100 150 1.5 (a) Fill in the rest of the table with the opportunity cost of Pitha and Pizza for each person. (b) Identify who has a comparative advantage in producing each good, and why. (c) What is the total production of Pitha and Pizza if they specialize according to their comparative advantage?
The table below shows the maximum number of Pithas or Pizzas that Ayesha and Alina can cook in 1 hour. Maximum Maximum Opportunity Opportunity Cost of 1 Person Pithas Pizza Cost of 1 Pitha Pizza Ayesha 60 120 0.5 Alina 100 150 1.5 (a) Fill in the rest of the table with the opportunity cost of Pitha and Pizza for each person. (b) Identify who has a comparative advantage in producing each good, and why. (c) What is the total production of Pitha and Pizza if they specialize according to their comparative advantage?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The table below shows the maximum number of Pithas or Pizzas that Ayesha and Alina can cook in 1 hour.
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