can anyone answer and if possible explain why choose the answer. e.g. 1) D becau

Question

can anyone answer and if possible explain why choose the answer.

e.g. 1) D because.........

Table 33.4 Germany Chile Beer Wine (cases) (cases) 75 60 45 30 Beer cases 30 24 18 Wine cases 15 30 45 60 1 2 24 36 48 60 0 20. Refer to Table 33.4. In Germany, A) 1/2 case of beer. the opportunity cost of 1 case of wine is B) I case of beer. C) 2 cases of beer. D) 5 cases of beer. 21. Refer to Table 33.4. In Chile, the opportunity cost of I case o f beer is A) 1/2 case of wine. B) 1 case of wine. C) 2 cases of wine. D) 4 cases of wine 22. Refer to Table 33.4. In Germany, the opportunity cost of 1 case of beer is A) 1/2 case of wine B) I case of wine. C) 2 cases of wine D) 5 cases of wine. 23. Refer to Table 33.4. In Chile, the opportunity cost of 1 case of wine is A) 1/2 case of beer. B) 1 case of beer. C) 2 cases of beer. D) 4 cases of beer 4. Refer to Table 33.4. The opportunity cost of producing a case of beer in Germany is A) twice as much as that in Chile. B) half as much as that in Chile. C) the same as that in Chile. D) four times as much as that in Chile 25. Refer to Table 33.4. Chile has A) a comparative advantage in beer production. B) an absolute advantage in beer production. C) an absolute advantage in wine production. D) a comparative advantage in wine production.

Explanation / Answer

20) Germany: Opportunity cost of 1 case of wine = 75/75 = 1 case of beer (Option B)

(= Maximum cases of beer produced given the resources/Maximum cases of wine produced given the resources

21) Chile: Opportunity cost of 1 case of beer = 60/30 = 2 cases of wine (Option C)

22) Germany: Opportunity cost of 1 case of beer = 75/75 = 1 case of wine (Option B)

23) Chile: Opportunity cost of 1 case of wine = 30/60 = 0.5 case of beer (Option A)

24) Opportunity cost of producing a case of beer in Germany is half as much as that in Chile (Option B, can be ascertained from the answers above)

25) Chile has a comparative advantage in wine production (Option D, lesser opportunity cost in comparison to Germany)

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