# Smoothies Cell phones Martha 15 per day 3 per day Kelly 10 per day 1 per...

###### Question:

Smoothies Cell phones Martha 15 per day 3 per day Kelly 10 per day 1 per day This table shows the how many smoothies or cell phones Martha and Kelly can each produce if they put all of their respective resources into producing that good alone. Use this information to answer the following questions:
1. Who has an absolute advantage in the production of smoothies? 2. Who has an absolute advantage in the production of cell phones? 3. What is Martha's opportunity cost of producing one smoothie (in terms of cell phones)? 4. What is Kelly's opportunity cost of producing one smoothie (in terms of cell phones)? 5. What is Martha's opportunity cost of producing one cell phone (in terms of smoothies)? 6. What is Kelly's opportunity cost of producing one cell phone (in terms of smoothies)? 7. If each person specializes in the production of the product in which she has a comparative advantage, who should produce smoothies? 8. If each person specializes in the production of the product in which she has a comparative advantage, who should produce cell phones?

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