[經(jīng)濟(jì)學(xué)]曼昆經(jīng)濟(jì)學(xué)原理chapter-wenkub.com
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【正文】 2022 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a passwordprotected website for classroom use. Applications of Comparative Advantage ? Should the . trade with other countries? – and Japan ? Each produces food and cars ? One American worker, one month – One car, or – Two tons of food ? One Japanese worker, one month – One car – One ton of food 15 169。 2022 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a passwordprotected website for classroom use. The Opportunity Cost of Meat and Potatoes Who has a lower opportunity cost (parative advantage) in producing meat? Who has lower opportunity cost (parative advantage) in producing potatoes? Who should produce (specialize) only meat? Who should produce only potatoes? Comparative Advantage ? Comparative advantage –Produce a good at a lower opportunity cost than another producer –Reflects the relative opportunity cost ? Principle of parative advantage –Each good produced by the individual that has the smaller opportunity cost of producing that good 11 169。s production and consumption without trade Meat (oz) 0 12 24 Potatoes (oz) 24 48 B Rancher’s production and consumption without trade Farmer39。 2022 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a passwordprotected website for classroom use. The Production Possibilities Frontier (b, c) Panel (b) shows the binations of meat and potatoes that the farmer can produce. Pan
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