a. If the working populations of Yin and Yang are both 40 million, divided equally between the two industries in each country, how many machines and loaves of bread (in millions) are currently being produced in Yin and Yang? Loaves of Machines bread Yin 5.5 O 11 O Yang 5.5 O 11 8 Totals 11 O 22 8
a. If the working populations of Yin and Yang are both 40 million, divided equally between the two industries in each country, how many machines and loaves of bread (in millions) are currently being produced in Yin and Yang? Loaves of Machines bread Yin 5.5 O 11 O Yang 5.5 O 11 8 Totals 11 O 22 8
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please help with what the calculation would be in this matter as you can see i got it really wrong.
thank you in advance

Transcribed Image Text:The table below shows the labour productivity for the countries of Yin and Yang.
Loaves of
Machines
bread
Yin
7
or
Yang
4
or
16
a. If the working populations of Yin and Yang are both 40 million, divided equally between the two industries in each country, how
many machines and loaves of bread (in millions) are currently being produced in Yin and Yang?
Loaves of
Machines
bread
Yin
5.5
11 8
Yang
5.5 8
11 O
Totals
11 8
22 *
b. If the two countries decide to specialize, in which product does each country have a comparative advantage?
Yin: machines O
Yang: loaves of bread
c. If the two countries specialize in the product in which they have a comparative advantage, show their total outputs in the table
below.
Loaves of
Machines
bread
Yin
11
Yang
22 O
Totals
11 8
22 *
d. What are the gains from trade?
Loaves of
Machines
bread
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