MindTap-Cengage l earning O Not secure Google Chr gage.com/static/nb/ui/index ht

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MindTap-Cengage l earning O Not secure Google Chr gage.com/static/nb/ui/index html?nbld-7163998nbNodeld-269667814&kdeploymentid-5673679969765548; 4630050238telSBN-9781337096607#18parentld-269667858 MINDTAP John Borell. Homework (Ch 03) When a country has a comparative advantage in the product trading partner. Then the country will specialize in the production of this good and trade it for other goods. on of a good, it means that it can produce this good at a lower opportunity cost t han its s show the production possibilities trontiers (PPEs) for Candonia and Desonia. Both countries produce lemons and sugar, each initially (C.e., before spedialization and trade) producing 6 million pounds of lemons and 3 milion marked with the letter A. Candonia Desonia 10 PPF 245 10121416 LEMONS Milions of pounds) LEMONS (Mibons of pourds)

Explanation / Answer

Of lemons (because it's cost of lemons=6/12=0.5 while Desonia cost of lemons=12/8=1.5)

Desonia=sugar(because it has lower cost8/12=0.66,whileas others is 12/6=2)

12.produced by candonia is only after specialisation

12.produced by Desonia only after specialisation

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