*1.6 The countries of Orion and Scorpius are small mountainous nations. Both produce granite and blueberries. Each nation has a labor force of 800. The following table gives production per month for each worker in each country. Assume productivity is constant and identical for each worker in each country. Tons of Granite Bushels of Blueberries Orion workers 6 18 Scorpius workers 3 12 Productivity of one worker for one month a. Which country has an absolute advantage in the produc- tion of granite? Which country has an absolute advantage in the production of blueberries? b. Which country has a comparative advantage in the production of granite? of blueberries? c. Sketch the ppf's for both countries.

*1.6 The countries of Orion and Scorpius are small mountainous nations. Both produce granite and blueberries. Each nation has a labor force of 800. The following table gives production per month for each worker in each country. Assume productivity is constant and identical for each worker in each country. Tons of Granite Bushels of Blueberries Orion workers 6 18 Scorpius workers 3 12 Productivity of one worker for one month a. Which country has an absolute advantage in the produc- tion of granite? Which country has an absolute advantage in the production of blueberries? b. Which country has a comparative advantage in the production of granite? of blueberries? c. Sketch the ppf's for both countries.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: C O O O Suppose that Canada can make 45 kilograms of cheese or 60 bottles of wine with one year's…

A: In order to solve this problem, let us first understand the difference between absolute and…

Q: 3. Consider the following table that presents the labour requirements for production in the East and…

A: Given, Labor requirements for production in the West and East (labors hours per unit of output):…

Q: If each person specialized according to comparative advantage and later decides to move 4 units of…

A: To calculate the specialization of each person, we can simply calculate the productivity ratios of…

Q: 19. If production of specific goods exhibit the opportunity for economies of scale (Oil for…

A: The per unit cost of production is average cost(AC).The firm is said to be experiencing…

Q: a.) Looking at these graphs, suppose that the good 'X' is labour-intensive, while 'Y' is…

A: Here's a concise summary:a. Capital Abundance: Nation 2 is relatively more capital abundant.b.…

Q: The graphs below show the production possibilities frontiers for sugar and corn in South Africa and…

A: (a) The production possibility curve depicts the combination of two goods that a nation can produce…

Q: The table below summarizes the productivity of workers in bread and shirt production in two parts of…

A: This table is actually showing the productivity of breads and shirts which is given here by using…

Q: worker in Bangladesh could work building a boat instead of making shirts, but he or she would need…

A: Opportunity cost is the forgone earning or activity that an individual can earn or perform if he/she…

Q: please help reply to this discussion post ...needs to be 150 words at least. "Cross-cultural…

A: I completely agree with your perspective on the importance of cross-cultural literacy in the…

Q: This graph represents the Production Possibility Frontier for the country of OZ for 2 groups of…

A: A PPC curve, or Production Possibility Curve, is a graphical representation used in economics to…

Q: A) For the UK, what is opportunity cost of cheese and wine? What about for the Rest of the World…

A: Opportunity cost is the benefit derived after not choosing the alternate option.

Q: Ren Stimpy Eggs 5 Bacon (oz.) 10 with Specialization and Trade Eggs Bacon Eggs Bacon 75 250 0 400 3…

A: The value of alternative opportunities foregone and sacrificed to acquire one unit of a commodity is…

Q: An American worker can produce either 4 cars or 8 tons of grain a year. A Japanese worker can…

A: Hi, Thanks for the question. As per the guidelines, we are allowed to attempt first three subparts.…

Q: According to table 1.2, what is the opportunity cost of producing one cruise ship in Norway? Worker…

A: Opportunity cost refers to the loss of value of alternative good because you choose another…

Q: The following tables shows the output per workers per hour for computer chips and shirts in the…

A: Absolute Advantage, is an economic concept that refers to the ability to produce a certain good or…

Q: f) Given all the information above, which country has a comparative advantage in producing cars?…

A: Comparative advantage is when a country is able to produce a good at a lower opportunity cost as…

Q: Consider the following data on two countries, A and B. A…

A: Here, the given table shows the total number of skilled and unskilled labor in country A and country…

Q: a. What are the costs of the two products in each country? Round your answers below to 2 decimal…

A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…

Q: Suppose that each country currently has 140 workers and each decides to transfer some amount of…

A: There are 2 countries: United States (US) and ThailandEach country has 140 workersTransfer of…

Q: Two countries each produce two goods. Country 1 has 200 workers and Country 2 has 600 workers. If…

A: Opportunity cost and comparative advantage: The value of alternative opportunities foregone and…

Q: With free trade, why is wage (income) gap between American skilled and unskilled workers widened?…

A: Part A → As country A is using skilled laborers for the production of expensive products at the same…

Q: Refer to Table 3-6. How could Denmark and Italy benefit? O by Denmark specializing in bread and…

A: In international trade, absolute advantage and comparative advantage are two key ideas. They…

Q: The table shows the maximum quantity of cars or motorcycles that can be produced by two countries, X…

A: The exchange of services and goods between nations is referred to as international trade. It allows…

Q: Consider the table below containing data for two hypothetical nations, Alpha and Beta, for the years…

A: Labour productivity: Productivity is defined as the goods and services are produced by the…

Q: Suppose Malaydia's production possibilities include a maximum of 150 units of rice and 250 units of…

A: The Malaysia's production possibilities include a maximum of 150 units of rice and 250 units of…

Q: 70,000T Norway 60,000 United States 50,000- Netherlands .3B Denmark • Germany France 40,000 UK…

A: Option A : UK workers have more free time than Greek workers. According to the graph- Average annual…

Q: If a country can produce more of a good than other countries with a given amount of resources, we…

A: Absolute and comparative advantage are too very important concepts of International trade as they…

Q: A worker in the United States and a worker in China can each produce 1,000 pairs of jeans per week.…

A: Given: The US produces: 1,000 pairs of jeans per week 50 cell phones in a week China produces:…

Question

100%

*1.6 The countries of Orion and Scorpius are small
mountainous nations. Both produce granite and
blueberries. Each nation has a labor force of 800. The
following table gives production per month for each
worker in each country. Assume productivity is constant
and identical for each worker in each country.
Tons of
Granite
Bushels of
Blueberries
Orion workers
6
18
Scorpius workers
3
12
Productivity of one worker for one month
a. Which country has an absolute advantage in the produc-
tion of granite? Which country has an absolute advantage
in the production of blueberries?
b. Which country has a comparative advantage in the
production of granite? of blueberries?
c. Sketch the ppf's for both countries.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

Step 2

Step 3

Step 4

Step 5

Trending now

This is a popular solution!

Step by step

Solved in 5 steps with 3 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

9
Parts c and d please
Assume that Sweden and Norway have the following set of production factors (see table below). Suppose further that for the production of one unit of steel it takes two machines and 8 workers and for one unit of bread it takes one machine and 8 workers. Sweden Norway Capital Labour 40 machines 10 machines 200 workers 60 workers a) Which commodity, bread or steel, is relatively capital-intensive and which is relatively labor-intensive? Show how to decide this. b) Which country will export bread and steel respectively? Why? Show how to determine this in a figure or with equations. c) Explain what happens to the return on capital and labor in Sweden and Norway after trade has begun between the countries.
In Lima one worker can produce either 21 bushels of corn of 5 pounds of tomatoes in one day. In Puma one worker can produce either 54 bushels of corn or 7 pounds of tomatoes in one day. The country that specializes in tomato production is willing to sell one pound of tomatoes for at least how many bushels of corn?
10
(A) what percentage of this total was produced by the three largest economies shown in this bar graph? (b)what percentage of this total was produced by the three smallest economies shown in this bar?
© Macmillan Learning Production, Economic Growth, and Trade. - End of Chapter Problem Ice cubes are an enjoyable product that many take for granted since they are easily produced in a freezer. But prior to the invention of refrigeration in the late 19th century, obtaining ice in warm climates required it to be imported from cold environments, making it an expensive luxury item. The new technology of refrigeration increased allocative efficiency neither production nor allocative efficiency production efficiency both production and allocative efficiency in the economy.
n Lima one worker can produce either 32 bushels of corn of 10 pounds of tomatoes in one day. In Puma one worker can produce either 104 bushels of corn or 16 pounds of tomatoes in one day. The country that specializes in corn production is
Below table shows the production possibilities for the country of Emilon: Rice Beef A 0 100 В 100 11 90 с 180 70 D 240 40 E 280 0 a. The total cost of producing 180 rice is 70 units of beef b. The total cost of going from possibility C to possibility D is units of beef c. The approximate per-unit cost of going from possibility C to possibility D is units of beef answers to 2 decimal places. Remember to round 0.05 up to 0.10. d. The total cost of going from possibility D to possibility C is v units of rice V v v If necessary, round your