Results
| Metric | Country A | Country B |
|---|
PPF Chart
Formula Used
Unit labor requirement (ULR): ai(g) = hours needed in country i to produce one unit of good g.
Opportunity cost: Cost of one unit of Good X in terms of Good Y for country i is ai(g1) / ai(g2). Conversely, cost of Good Y in Good X is ai(g2) / ai(g1).
Comparative advantage: Country with the lower opportunity cost in a good has comparative advantage in that good.
Absolute advantage: Country with the lower ULR in a good is more productive in that good.
PPF of country i: With labor endowment Li, intercepts are Xmax = Li / ai(g1) and Ymax = Li / ai(g2). The PPF is the straight line joining those intercepts.
Example Data Table
| Country | Good X ULR (hours/unit) | Good Y ULR (hours/unit) | Labor endowment (hours) |
|---|---|---|---|
| Country A | 10 | 20 | 100 |
| Country B | 12 | 6 | 100 |
Tip: Click Load Example to use these values. Then press Calculate to compute opportunity costs, advantages, and visualize PPFs.