Question

Below is a table showing the daily production numbers for 1 worker in both Mexico and...

    Below is a table showing the daily production numbers for 1 worker in both Mexico and Canada. Use these numbers to answer the questions below.

    1 worker in Mexico can produce in 1 day

    1 worker in Canada can produce in 1 day

    10 sodas or 5 pizzas

    24 sodas or 8 pizzas

    1. What country has the absolute advantage in pizzas? Explain your answer with numbers.
    1. What country has the absolute advantage in sodas? Explain your answer with numbers.
    1. Determine the opportunity cost of producing 1 pizza in Canada.
    1. Determine the opportunity cost of producing 1 pizza in Mexico.
    1. Determine the opportunity cost of producing 1 soda in Canada.
    1. Determine the opportunity cost of producing 1 soda in Mexico.

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