The Bahamas and India produce both pineapple and rice (both measured in tons).The table below illustrates their production possibilities. $$\begin{array} { c }
{ \text { The Bahamas } } \quad\quad\quad { \text { India } } \quad\quad\quad\
\begin{array} { r c r r }
\text { Rice } & \text { Pineapple } & \text { Rice } & \text { Pineapple } \
0 & 100 & 0 & 50 \
5 & 90 & 5 & 47.5 \
10 & 80 & 10 & 45 \
15 & 70 & 15 & 42.5 \
20 & 60 & 20 & 40 \
25 & 50 & 25 & 37.5 \
50 & 0 & 100 & 0
\end{array}\end{array}$$ (a)In the Bahamas,what is the opportunity cost of a ton of pineapples,and of a ton of rice?
(b)In India,what is the opportunity cost of a ton of pineapple,and of a ton of rice?
(c)Which country has a comparative advantage in the production of pineapple?
(d)Show how if each country specialized in that good for which it has a comparative advantage and split the resulting production,each would be able to consume more than if they did not trade.

Question

The Bahamas and India produce both pineapple and rice (both measured in tons).The table below illustrates their production possibilities. $$\begin{array} { c } 
{ \text { The Bahamas } }  \quad\quad\quad { \text { India } } \quad\quad\quad\
\begin{array} { r c r r } 
\text { Rice } & \text { Pineapple } & \text { Rice } & \text { Pineapple } \
0 & 100 & 0 & 50 \
5 & 90 & 5 & 47.5 \
10 & 80 & 10 & 45 \
15 & 70 & 15 & 42.5 \
20 & 60 & 20 & 40 \
25 & 50 & 25 & 37.5 \
50 & 0 & 100 & 0
\end{array}\end{array}$$ (a)In the Bahamas,what is the opportunity cost of a ton of pineapples,and of a ton of rice?
(b)In India,what is the opportunity cost of a ton of pineapple,and of a ton of rice?
(c)Which country has a comparative advantage in the production of pineapple?
(d)Show how if each country specialized in that good for which it has a comparative advantage and split the resulting production,each would be able to consume more than if they did not trade.

Quizplus · Accepted Answer

The Answer of The Bahamas and India produce both pineapple and rice (both measured in tons).The table below illustrates their production possibilities. $$\begin{array} { c } 
{ \text { The Bahamas } }  \quad\quad\quad { \text { India } } \quad\quad\quad\
\begin{array} { r c r r } 
\text { Rice } & \text { Pineapple } & \text { Rice } & \text { Pineapple } \
0 & 100 & 0 & 50 \
5 & 90 & 5 & 47.5 \
10 & 80 & 10 & 45 \
15 & 70 & 15 & 42.5 \
20 & 60 & 20 & 40 \
25 & 50 & 25 & 37.5 \
50 & 0 & 100 & 0
\end{array}\end{array}$$ (a)In the Bahamas,what is the opportunity cost of a ton of pineapples,and of a ton of rice?
(b)In India,what is the opportunity cost of a ton of pineapple,and of a ton of rice?
(c)Which country has a comparative advantage in the production of pineapple?
(d)Show how if each country specialized in that good for which it has a comparative advantage and split the resulting production,each would be able to consume more than if they did not trade.

The Bahamas and India Produce Both Pineapple and Rice (Both