Homework Answers
a. Islandia can produce 35 units of fish or 70 units of coconut.
Opportunity cost of producing one unit fish in Islandia = 70/35 units of coconuts = 2 coconuts.
b. Opportunity cost of producing 1 unit of coconut in Islandia =35/70 units of fish = 0.5 units of fish.
c. Mountania can produce 30 units of fish or 80 units of coconut.
Opportunity cost of producing 1 unit of fish in Mountania = 80/30 units of coconuts = 8/3 coconuts.
d. Opportunity cost of producing 1 unit of coconut in Mountania = 3/8 fishes.
E. Islandia has a comparative advantage in fish production.
Mountania has a comparative advantage in coconut production.
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