COFFEE (Milions of pounds) 48 42 36 30 24 18 PPF 12 6 0 0 ——— 1 Maldonla 6 12 18 24 30 36 POTATOES (Millions of pounds) 42 48 (?) COFFEE (Millions of pounds) 48 42 24 18 12 6 0 0 PPF 6 Lamponia 1 42 48 12 24 30 36 POTATOES (Millions of pounds) 18 ? Consider the above two graphs which represent production possibilities. What are the comparative advantages? Maldonia has a comparative advantage in potatoes and Lamponia has a comparative advantage in coffee Maldonia has a comparative advantage in both goods Lamponia has a comparative advantage in both goods Maldonia has a comparative advantage in coffee adn Lamponia has a comparative advantage in potatoes

COFFEE (Milions of pounds) 48 42 36 30 24 18 PPF 12 6 0 0 ——— 1 Maldonla 6 12 18 24 30 36 POTATOES (Millions of pounds) 42 48 (?) COFFEE (Millions of pounds) 48 42 24 18 12 6 0 0 PPF 6 Lamponia 1 42 48 12 24 30 36 POTATOES (Millions of pounds) 18 ? Consider the above two graphs which represent production possibilities. What are the comparative advantages? Maldonia has a comparative advantage in potatoes and Lamponia has a comparative advantage in coffee Maldonia has a comparative advantage in both goods Lamponia has a comparative advantage in both goods Maldonia has a comparative advantage in coffee adn Lamponia has a comparative advantage in potatoes

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Consumers, Producers, And The Efficiency Of Markets

Section: Chapter Questions

Problem 8PA

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