We are going to use apply these terms to an example about Soybean production. Assume that the United States produces large amounts of soybeans each year. However, Brazil is also willing and able to produce 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 opportunity cost of producing Soybeans Calculate the per unit Soybeans opportunity cost of producing Sugar Sugar United States 108 tons 20 tons Brazil 86 tons 10 tons 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. 4. Who has the comparative advantage in producing sugar? Why (use data from the chart to explain your answer)?

We are going to use apply these terms to an example about Soybean production. Assume that the United States produces large amounts of soybeans each year. However, Brazil is also willing and able to produce 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 opportunity cost of producing Soybeans Calculate the per unit Soybeans opportunity cost of producing Sugar Sugar United States 108 tons 20 tons Brazil 86 tons 10 tons 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. 4. Who has the comparative advantage in producing sugar? Why (use data from the chart to explain your answer)?

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Description: I need help with the chart and the first to two questions. My what you are prodUCng-We are going to use apply these terms to an example about Soybean production. Assume that the UnitedStates produces large amounts of soybeans each year. However, Braz

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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