00:01
Hello, let's feel this blank to answer boxes.
00:10
So using this table we can see that robin has a comparative advantage in gathering coconuts and terry has a comparative advantage in fishing.
00:28
So in the first part we answer terry has a comparative advantage fishing and robin has a competitive advantage gathering coconuts so suppose and now yeah you can read all this information they decide to specialize and trade three coconuts for one fish so how many additional coconuts will robin consume after this trade.
01:16
So before if there is no trade, let me write this way, if there is no trade, robin can produce and consume four fish plus 36 coconuts.
01:38
Terry if there is no trade, no trade condition.
01:45
Terry will produce 2 fish plus 4 coconuts.
01:54
If there is trade, robin will produce only coconuts.
02:05
Instead of producing 4 fish, he will produce 9 plus 9, 18 additional coconuts.
02:19
So he will produce 0 fish and 504.
02:24
For coconuts.
02:27
It's a production...