Q2: There are two countries named Lilliput and Brobdingnag. We have the production possibilities tables for apples and bananas for both countries. Use this data to fill in the blanks below. Lilliput Production Possibilities: Brobdingnag Production Possibilities: Production Alternatives AB CDE 75 60 45 30 15 0 05 10 15 20 25 Production Alternatives Production (lbr) ABCDEF Apples Bananas Production(lbs) Apples F 16 8 0 16 20 40 32 24 4 8 12 Bananas la. Which country has absolute advantage in production of the following good? Please state the name of the country in front of each good. Bananas:
Q2: There are two countries named Lilliput and Brobdingnag. We have the production possibilities tables for apples and bananas for both countries. Use this data to fill in the blanks below. Lilliput Production Possibilities: Brobdingnag Production Possibilities: Production Alternatives AB CDE 75 60 45 30 15 0 05 10 15 20 25 Production Alternatives Production (lbr) ABCDEF Apples Bananas Production(lbs) Apples F 16 8 0 16 20 40 32 24 4 8 12 Bananas la. Which country has absolute advantage in production of the following good? Please state the name of the country in front of each good. Bananas:
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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