Quick ! its opportunity cost question 1 (essay worth 20 points)
jim's production
dianna's production
bananas pineapples bananas pineapples
180 0 120 0
135 30 90 40
90 60 60 80
45 90 30 120
0 120 0 160
dianna and jim both produce bananas and pineapples on the macro islands. the table above shows some of the combinations of the two products that can be produced using the same resources.
use the table above to answer the following questions:
what is dianna's opportunity cost for producing 1 banana and 1 pineapple?
what is jim's opportunity cost for producing 1 banana and 1 pineapple?
who has the comparative advantage in the production of each good?