QUESTION 11
Assume that Betty and Ann live on a desert island. With a day’s labor, Ann can produce 6 fish or 4 coconuts; Betty can produce 3 fish or 1 coconut. i.e., you have the following information available:
-_1668618 18https://www.google… G svo psychology – G… = ww2 – Google DocsRemaining Time: 1 hour, 55 minutes, 09 seconds.* Question Completion Status:Path: PWords:0QUESTION 11Assume that Betty and Ann live on a desert island. With a day’s labor. Ann can produce 6 fish or 4 coconuts; Betty can produce 3 fish or 1 coconut..e., you have the following information available:FishCoconutsOpp. Cost for fishOpp. Cost for coconutsBetty3Ann6Who has an absolute advantage in fish? Who has an absolute advantage in coconuts? Who has a comparative advantage in fish? Who has acomparative advantage in coconuts? Explain. Show your calculations for full credit.To fill in the table, select the table, copy it (Cntrl-C), paste it in Word, fill it out, copy it again, paste it here (Cntri-V).Arial3 (12pt)Mickilove and Submit to save and submit. Click Save All,Answers to save all answers.SovNer Tit – Google
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