Consider the table below for the neighboring nations of

Reference no: EM13377639

Consider the table below for the neighboring nations of Northland and West Coast. The table lists the maximum feasible hourly rates of the production of pastries if no sandwiches are produced and the maximum feasible hourly rates of the production of sandwiches if no pastries are produced. Assume that the opportunity costs of producing these goods are constant in both nations.

Product - Northland - West Coast

Pastries (per hour)- 50,000 - 100,000

Sandwiches (per hour) -25,000 - 200,000

1. Based on the data provided, what is the opportunity cost of producing pastries and sandwiches in Northland?

2. What is the opportunity cost of producing pastries and sandwiches in West Coast?

3. Which nation has a comparative advantage in producing pastries and which nation has a comparative advantage in producing sandwiches?

Reference no: EM13377639

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