Finding Comparative Advantage. In 8 hours, Country Alpha can produce either 5,000 roses and no tulips or 2,500 tulips and no roses. Similarly, in 8 hours, Country Beta can produce either 6,000 roses...

Finding Comparative Advantage. In 8 hours, Country Alpha can produce either 5,000 roses and no tulips or 2,500 tulips and no roses. Similarly, in 8 hours, Country Beta can produce either 6,000 roses or 4,000 tulips.

a. Compute the opportunity costs of roses and tulips for each country. Which country has a comparative advantage in producing roses? Which country has a comparative advantage in producing tulips?

b. Draw the production possibilities curves for the two countries.