Below is what the assignment is asking for. It is due on Monday, December 10th.
(1) Explain which country has an absolute advantage in the production of each good and why.
(2) Calculate the opportunity cost of each good in terms of the other good for each country and show these opportunity costs in a table.
(3) Explain which country has a comparative advantage in the production of each good and why.
Wine (bottles per hour)
Cheese (wheels per hour)
Write an essay approximately 1 page in length, single-spaced, 12pt font, 1-inch margins and APA style for citations (Links to an external site.)Links to an external site. (links to an external site). Please also show your calculations in a table.
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