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Below, you are provided with Estebans and Irenes Production Possibilities Frontiers between chicken empanadas and beef empaPart 3: Who has an absolute advantage in the production of chicken empanadas? Who has an absolute advantage in the production

only answer parts 3-9!! thanks

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Answer #1

Beef empanadas

Chicken empanadas

Esteban

12

10

Irene

18

12

Part 3

Irene has an absolute advantage in the production of chicken empanadas as she can produce more quantity (12) than Esteban (10).

Irene has an absolute advantage in the production of beef empanadas as she can produce more quantity (18) than Esteban (12).

Irene has an absolute advantage since she can produce more quantity with the given resources than Esteban.

1. The opportunity cost of 1 beef empanandas in terms of chicken empanandas for Esteban is 10/12=0.83. Esteban has to give up 0.83 of chicken empanadas to produce one beef empanadas.

2. The opportunity cost of 1 beef empanandas in terms of chicken empanandas for Irene 12/18=0.67 is Irene has to give up 0.67 of chicken empanadas to produce one beef empanadas.

The opportunity cost for Irene is lower (0.67) than Esteban’s (0.83) so Irene has a comparative advantage in the production of beef empanadas.

3. The opportunity cost of 1 chicken empanandas in terms of beef empanandas for Esteban is 12/10=1.2. Esteban has to give up 1.2 beef empanadas to produce one chicken empanadas.

4. The opportunity cost of 1 chicken empanandas in terms of beef empanandas for Irene 18/12 = 1.5. Irene has to give up 1.5 beef empanadas to produce one chicken empanadas.

The opportunity cost for Esteban is lower (1.2) than Irene’s (1.5 so Esteban has a comparative advantage in the production of C chicken empanadas.

Part 4

1.2 beef empanadas.

The opportunity cost of 1 chicken empanandas in terms of beef empanandas for Esteban is 12/10=1.2. Esteban has to give up 1.2 beef empanadas to produce one chicken empanadas.

Part 5

1.5 beef empanadas.

The opportunity cost of 1 chicken empanandas in terms of beef empanandas for Irene 18/12 = 1.5. Irene has to give up 1.5 beef empanadas to produce one chicken empanadas.

Part 6

The opportunity cost for Esteban is lower (1.2) than Irene’s (1.5 so Esteban has a comparative advantage in the production of C chicken empanadas

Part 7

The opportunity cost of 1 beef empanandas in terms of chicken empanandas for Esteban is 10/12=0.83. Esteban has to give up 0.83 of chicken empanadas to produce one beef empanadas.

Part 8

The opportunity cost of 1 beef empanandas in terms of chicken empanandas for Irene 12/18=0.67 is Irene has to give up 0.67 of chicken empanadas to produce one beef empanadas.

Part 9

The opportunity cost for Irene is lower (0.67) than Esteban’s (0.83) so Irene has a comparative advantage in the production of beef empanadas.

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