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  3. 1 consider the following table two ice cream firms output...

Question: 1 consider the following table two ice cream firms output...

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1. Consider the following table two ice cream firms output per hour. Pints of Ice Cream 30 Cones Sweet Peaks 20or Cold Stone 15 30 or . If Sweet Peaks allocated all of its time to producing pints of ice cream, how many pints could they produce in 1 hour? How many cones? (1 point) Who has absolute advantage in producing cones? Who has absolute advantage in producing pints of ice cream? (1 point) b. c Fill out the following table:(2 points) thint: think of the opportxnity cost o 1 cone as the membeγ。 pints ofice cream afirm forgoes producing because they are producing that 1 cone. Remember, the answers to these will oft be fractions/decimals Sweet Peaks Cold Stone Opportunity Cost of Producing Cone or 1 Cone o 1 Cone Opportunity Cost of Producingir 1 Pint o 1 Pint of Ice Cream Based on their respective opportunities costs, who has comparative advantage in producing cones? Who has comparative advantage in producing ice cream pints? (2 points) d.

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