University of California, DavisFOR 50ECN_1A_Homewo
University Of California - Davis
All 1 results
Sort by
-
University of California, DavisFOR 50ECN_1A_Homework
- Exam (elaborations) • 8 pages • 2022
-
- $10.49
- + learn more
Homework #1 
Question 1 
a. To produce 1 pound of grass fed beef NautralBerg gives up 1.50 pounds of organic coffee 
b. Based on the table we can see that NaturalBerg has absolute advantage in organic coffee but comparative advantage in 
organic coffee 
c. Based on comparative advantage OrganicVille should specialize in producing grass fed beef 
d. If the NaturalBerg and OrganicVille specialize and then trade 50 pounds of organic coffee for 50 pounds of grass fed beef 
with each other both count...
Make study stress less painful
Study stress? For sellers on Stuvia, these are actually golden times. KA-CHING! Earn from your study resources too and start uploading now. Discover all about earning on Stuvia