Business, 08.01.2020 02:31 Ezekielcassese

Oscar and julia can both produce either bananas or coffee. oscar can produce either 16 pounds of coffee and 0 pounds of bananas or 64 pounds of bananas and 0 pounds of coffee. julia can produce either 20 pounds of coffee and 0 pounds of bananas or 40 pounds of bananas and 0 pounds of coffee.

which of the following statements is true?

a)the opportunity cost of 1 lb. of bananas is 4 lbs. of coffee for oscar.

b)oscar has absolute advantage in the production of coffee.

c)julia has comparative advantage in the production of bananas.

d)the opportunity cost of 1 lb. of coffee is 4 lbs. of bananas for oscar.

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Oscar and julia can both produce either bananas or coffee. oscar can produce either 16 pounds of cof...

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