Westeros Middle-Earth Dragon Blood Tree Resurrection Plant Dragon Blood Tree Resurrection Plant 0 135 0 75 50 90 5 50 100 45 10 25 150 0 15 о Using the table above calculate: #1. The opportunity cost for 1 dragon blood tree in Westeros #2. The opportunity cost for 1 resurrection plant in Westeros #3. The opportunity cost for 1 dragon blood tree in Middle-Earth #4. The opportunity cost for 1 resurrection plant in Middle-Earth Assume that in autarky Westeros is producing 100 Dragon Blood Trees and 45 Resurrection Plants, while Middle-Earth is producing 10 Dragon blood tress and 25 Resurrection plants. Illustrate, using the theory of comparative advantage, if there are any gains from specialization and trade in the production of dragon blood trees and resurrection plants. If there are no gains from trade answer NA on the blank. Keep one decimal place 5.1 Gains from trade for dragon blood trees 5.2 Gains from trade for resurrection plants |
Westeros Middle-Earth Dragon Blood Tree Resurrection Plant Dragon Blood Tree Resurrection Plant 0 135 0 75 50 90 5 50 100 45 10 25 150 0 15 о Using the table above calculate: #1. The opportunity cost for 1 dragon blood tree in Westeros #2. The opportunity cost for 1 resurrection plant in Westeros #3. The opportunity cost for 1 dragon blood tree in Middle-Earth #4. The opportunity cost for 1 resurrection plant in Middle-Earth Assume that in autarky Westeros is producing 100 Dragon Blood Trees and 45 Resurrection Plants, while Middle-Earth is producing 10 Dragon blood tress and 25 Resurrection plants. Illustrate, using the theory of comparative advantage, if there are any gains from specialization and trade in the production of dragon blood trees and resurrection plants. If there are no gains from trade answer NA on the blank. Keep one decimal place 5.1 Gains from trade for dragon blood trees 5.2 Gains from trade for resurrection plants |
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