Well-structured ECS3702 Assignment 2 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..Question 1A
Use the hypothetical information in the table below to answer the questions that follow:
Output/hr
Unos
Tres
Cellphones (ton/hr)
18
6
Candles (t...
ECS3702
Assignment 2 Semester 2 2024
Unique Number:
Due Date: 6 September 2024
QUESTION 1A
(i) Absolute Advantage
Definition: A country has an absolute advantage when it can produce more of a good with the
same amount of resources compared to another country.
• Unos has an absolute advantage in cellphone production because it produces more
cellphones (18 tons/hr) compared to Tres (6 tons/hr).
• Tres has an absolute advantage in candle production because it produces more
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