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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 your work.
b. What is the opportunity cost of 1 unit of fish in Tuvalu? Show your work.
c. Which country has a comparative advantage in producing fish?
d. Suppose that trade takes place between Kiribati and Tuvalu. Which good will Kiribati import from Tuvalu? Explain why.
what resources do you make use of in order to maximize your level of satisfaction How do we determine what items to buy How do companies decide what items to produce How do firms determine whether to produce something or not
please answer all 3 questions using apa 6th edition format style site any paraphrasing or quotes that are used in the
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