Country Jeans Corn     Felicidad 8 32 Bellissima 12 24 Felicidad's opportunity cost of producing 1 pair of jeans is (1/2 , 1/4, 2, 4)   of corn, and Bellissima's opportunity cost of producing 1 pair of jeans is (  1/2 , 1/4, 2, 4)  of corn. Therefore,  (FELICIDADS, BELLISSIMA)  has a comparative advantage in the production of jeans, (FELICIDADS, BELLISSIMA) and has a comparative advantage in the production of corn.   Suppose that each country

ENGR.ECONOMIC ANALYSIS
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Country
Jeans
Corn
   
Felicidad 8 32
Bellissima 12 24

Felicidad's opportunity cost of producing 1 pair of jeans is (1/2 , 1/4, 2, 4)   of corn, and Bellissima's opportunity cost of producing 1 pair of jeans is

1/2 , 1/4, 2, 4)  of corn. Therefore,  (FELICIDADS, BELLISSIMA)  has a comparative advantage in the production of jeans, (FELICIDADS, BELLISSIMA) and has a comparative advantage in the production of corn.

 

Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. In this case, the country that produces jeans will produce_______________million pairs per week, and the country that produces corn will produce____________million bushels per week.

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