Yolo and Solano are two countries that both produce shrimp and tomatoes. In Yolo each worker...

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Yolo and Solano are two countries that both produce shrimp and tomatoes. In Yolo each worker in a one-hour period can produce

business economics

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Answer 1

Answer #1

Here,

For Yolo,

One hour production

Shrimps = 29.45 pounds

Vegatables = 13.77 pounds

Per pound vegetable opprtunity cost = 29.45/ 13.77 = 2.3187 pound of shrimps

For Solano,

One hour production

Shrimps = 24.60 pounds

Vegatables = 4.14 pounds

Per pound vegetable opprtunity cost = 24.60/ 4.14 = 5.9420 pound of shrimps

Since opportunity cost of producing tomato is higher for solano hence Yolo will produce Tomato

Now per pound tomato for Yolo = 2.3187 pounds of Shrimps

So for 100 pounds of tomato atleast = 100*2.3187 = 231.87 pounds of shrimps

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Answer 2

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