Which planet has the comparative advantage in coffee in, Ask an Expert

Economics

Suppose there are only two planets in the universe Zenope and Zuranda. On each planet its inhabitants consume two products--coffee and fried chicken. Each planet has an equal population. producing soley coffee, Zenope can produce 50 units of coffee, while Zuranda can produce 80 units of coffee. Producing solely fried chicken, Zenope can produce 25 units while Zuranda can produce 30 units.

(a) which planet has the absolute advantage in coffee? In fried chicken?
(b) which planet has the comparative advantage in coffee? in fried chicken?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9678997

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