An economy has two workers, Bella and Edward. Per day of work,Bella can pick 120 apples or 60 bananas, and Bill can pick 140apples or 140 bananas. Bella and Edward each work 200 days peryear.
a. Bella's opportunity cost of picking one more appleis (Click to select) 0.5bananas 120 apples 2apples 60 bananas .
Edward's opportunity cost of picking one more appleis (Click to select) 1banana 1 apple 140bananas 140 apples .
(Click toselect) Neither Edward Bella hasa comparative advantage in apple picking.
(Click toselect) Edward Bella Neither hasan absolute advantage in apple picking.
b. Assuming that only one fruit is picked in this economy, thenthe maximum number of each type of fruit that can be pickedannually is either apples or bananas.
c. If each worker fully specializes according to his or hercomparative advantage, the maximum number of apples that can bepicked annually is , and the maximum number of bananasis
An economy has two workers, Bella and Edward. Per day of work, Bella can pick 120 apples or 60 bananas, and Bill can pic
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