Homework Answers
Answer :
(5.) The U.S has an advantage in producing both the products. However, its output of soybean is double than that of Mexico. On the other hand the output of avocados is 150% more than Mexico. This means the U.S has a comparative advantage in producing soybeans.
(6.) If the countries specialized then the total output will be 60 avocados and 30 soybeans.
Earlier,Mexico produced at point C and the U.S produced at point T
Total output of avocados = 24 + 33 = 57
Total output of soybeans = 19 + 9 =28
Gains from specialization
60 - 57 = 3 avocados
30 - 28 = 2 soybeans
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5 and 6 please
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