Assume that kiribati can produce tons of breadfruit

Reference no: EM1339965

How to Calculate Opportunity Cost & Comparative Advantage

Suppose that Kiribati can produce 1000 tons of breadfruit or 500 tons of fish, and that Tuvalu can produce 750 tons of breadfruit or 1875 tons of fish.

a) What is the opportunity cost of 1 unit of fish in Kiribati? Show calculation.

b) What is the opportunity cost of 1 unit of fish in Tuvalu? Show calculation.

c) Which country has a comparative advantage for producing fish? Why?

d)Suppose trade takes place between Kiribati and Tuvalu. Which good will Kiribati import from Tuvalu? Why?

Reference no: EM1339965

Questions Cloud

Explain patents and trade secrets : Explain Patents and Trade Secrets and List at least three factors that weigh in favor of patents

Esop investments : Emily, age 58, has been a participant in the Icon, Inc. ESOP for 15 years. She plans to retire at age 65. How much must Icon allow Emily to diversify this year?

Different types or varieties of terminating a project : What are the different types or varieties of terminating a project?

Issues and beliefs uniting progressives : What issues and beliefs helped unite the diverse group of reformers known as progressives?

Assume that kiribati can produce tons of breadfruit : Assume that Kiribati can produce 1000 tons of breadfruit or 500 tons of fish, and that Tuvalu can produce 750 tons of breadfruit or 1875 tons of fish.

Be sure to list the mrna sequence : Using the provided DNA code, derive the correct amino acid sequence. Describe the necessary steps to arrive at the amino acid sequence, and explain each in detail.be sure to list the mRNA sequence.

Participant in a stock bonus plan : Participant in a stock bonus plan

Which nucleotide has been added and which deleted : What sequence of nucleotide pairs in a Drosophila gene would encode the amino acid sequence met-trp-phe-trp-met (reading from the amino terminus to the carboxyl terminus).

Defensive toward native americans : The European nations during the Age of Discovery raced to the New World after Columbus' discovery in hope of establishing colonies.

User Account

All Pages