Gains from trade, economics homework help
So, I have attached images of the problem I need help with here:
What I need help with is the following:
C’s opportunity cost of producing 1 bushel of rye is ______ of jeans.
F’s opportunity cost of producing 1 bushel of rye is ______ of jeans.
Who has the comparative advantage for jeans? rye?
The country producing rye will make ______ per month.
The country producing jeans will make ______ per month.
Total production of rye increase ________ per month.
Total production of jeans increases _____ per month.
I also need to fill in C’s production of jeans and F’s production of rye on the chart.
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