Question

Refer to the information in the table below to answer questions 21 through 25: Mexico Guatemala ranges Bananas Oranges Bananas bushel/acre bushel/acre bushel/acre bushe/acre 200 160 120 80 40 40 80 120 160 200 50 40 30 20 10 20 40 60 80 100 21. In Mexico, the opportunity cost of 1 bushel of bananas is: A. h bushel of oranges 1 bushel of oranges C.2 bushels of oranges 5 bushels of oranges 22. Guatemala has: a comparative advantage in orange production. an absolute advantage in orange production an absolute advantage in banana production. a comparative advantage in banana production 23. Guatemala should specialize in and export and export A. bananas; oranges and Mexico should specialize in oranges, oranges C.bananas; bananas oranges, bananas 24. Before specialization, Mexico produces 120 bushels of oranges and 80 bushels of bananas, and Guatemala produces 40 bushels of oranges and 20 bushels of bananas. After specialization, the total increase in orange production is: 10 bushels of oranges 20 bushels of oranges C.25 bushels of oranges 40 bushels of oranges.I need help with these problems. 21-24. I have the answers but dont know how to get to them. 21 is B, 22 is D, 23 is A, 24 is D

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Answer #1

Explanation for all parts is provided in the pic attached here.

Orang 200 50 100 bru 2 of emana s lower fers C Cautmala, so it pecialre ana estpoyt banano maxito should speoni in nd exbat t

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