Answer Happy

Alpha and Beta, two tiny islands in the Pacific, produce pearls and pineapples. The following production possibilities schedules describe their potential output in tons per year. But Piceapples 20 Alpha Pearls Pineapple Pearls 0 30 0 2 25 10 4 20 20 5 15 30 B 10 40 10 5 45 Selesale 18 12 8 4 2 12 0 50 0 a Graph the production possibilities confronting each island. Instructions: Use the tools provided Alpha and Beta' to plot Alpha's production possibilities curve and Beta's production possibilities curve. Plot only the endpoints of each curve (2 points for each curve © 30 Tools 25 Aipha Beta Quantity of Pineapples 20 15 10 5 0 5 10 15 20 25 30 35 40 45 50 Quantity of Pearls Instructions: In part b, round your responses to ane decimal place. In parts e, f and g, enter your responses as a whole number 5. What is the opportunity cost of one pineapple on each Island before trade? Alpha: pearls Beta: pearls c. Which island has a comparative advantage in pineapple production? Alpha Beta ONeither d. Which Island has a comparative advantage in pearl production? Alpha Beta Neither Now suppose Alpha and Beta specialize according to their comparative advantages and trade. If ane pearl is traded for 15 pineapples, e. How many pearls would have to be exported to get 15 pineapples in return? pearls After this trade, what is Alpha's consumption? pearls and pineapples g. what is Beta' consumption? pearls and pineapples