Rachel's production
mike's production
belts
neckties
belts
neckties
0
12
0
9
1
8
3
6
2
4
6
3
3
0
9
0
rachael and mike both produce belts and neck ties in the macro islands. the table above shows some of the combinations of the two products that can be produced using the same resources.
use the table above to answer the following questions:
what is rachael's opportunity cost for producing 1 belt and 1 neck tie?
what is mike's opportunity cost for producing 1 belt and 1 neck tie?
who has the comparative advantage in the production of each good?