Asked by Stephanie
Assume Nebraska and Virginia each have 100 acres of farmland. The following table gives hypothetical figures for yield per acre in the two states:
Nebraska Virginia
Wheat 15 5
Cotton 7 4
Who has the comparative advantage in the production of wheat?
*For this answer, I think it is Nebraska but I am confused
Who has the comparative advantage in the production of cotton?
*for this answer, I think it is Virginia but I am confused
What is the marginal rate of transformation when the two states are producing a total of 200 units of corn?
Nebraska Virginia
Wheat 15 5
Cotton 7 4
Who has the comparative advantage in the production of wheat?
*For this answer, I think it is Nebraska but I am confused
Who has the comparative advantage in the production of cotton?
*for this answer, I think it is Virginia but I am confused
What is the marginal rate of transformation when the two states are producing a total of 200 units of corn?
Answers
Answered by
kl
lkhgiuygkl
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.