Question

In italy, an automobile can be produced by 8 workers in one day and a washing machine by 3 workers in one day. in the united states, an automobile can be produced by 6 workers in one day, and a washing machine by 2 workers in one day. please don't abbreviate the country name for your answers (use italy.united states).
a. has an absolute advantage in the production of automobiles? has an absolute advantage in washing machines?
b. has a comparative advantage in the production of washing machines? has a comparative advantage in automobiles?
c. this means that should specialize in washing machines and should specialize in automobiles. blank 1: blank 2: blank 3: blank 4: blank 5: blank 6: question 2 shadow and kodi are stranded on a tropical island. in 1 hour kodi can cut down 12 coconuts or catch 8 fish. in 1 hour shadow can cut down 10 coconuts or catch only 5 fish. who has absolute advantage in cutting down coconuts? who has absolute advantage in catching fish? who has comparative advantage in cutting down coconuts? who has comparative advantage in catching fish? if they each spend one-half of our time cutting down coconuts and catching fish, how many coconuts and fish can they produce in total between us in two hours? if they decide to specialize, how many coconuts and fish can they produce in total between us in two hours? please put you answers in fractions. answers 1. has the absolute advantage in cutting down coconuts. has the absolute advantage in catching fish. 2. has the comparative advantage in cutting down coconuts. has the comparative advantage in catching fish. shadow's opportunity cost for producing coconuts is fish. shadow's opportunity cost for catching fish is coconuts. kodi's opportunity cost for producing coconuts is . kodi's opportunity cost for catching fish is . 3. between them they can produce cocunuts and catch fish. 4. if they decide to specialize they can produce coconuts in 2 hours and catch fish in 2 hours.

Answer 1

The united states has an absolute advantage in the production or automobiles and an advantage in washing machines. Italy has a comparative advantage in automobiles . this mean that Italy should specialize in washing machines and the united states in automobiles. Kodi has the absolute advantage in cutting down coconuts and the absolute advantage in catching fish.