1/3 of a unit of capital goods. 3 units of capital goods. 6 units of capital goods. 1/6 of a unit of capital goods. Answer the question on the basis of the following production possibilities tables for two countries, North Cantina and South Cantina.North Cantina Production PossibilitiesADECapital Goods521Consumer Goods1018242830South Cantina Production PossibilitiesAВECapital Goods431Consumer Goods15212527Refer to the tables. If North Cantina is producing at production alternative C, the opportunity cost of the nineteenth unit of consumer goods will be

Opportunity cost = units sacrificed/units gained

Answer the question on the basis of the following production possibilities tables for two countries, North Cantina and South Cantina. North Cantina Production Possibilities A В D E F Capital Goods 5 4 3 2 1 Consumer Goods 10 18 24 28 30 South Cantina Production Possibilities A В D E F Capital Goods 5 4 3 Consumer Goods 8 15 21 25 27 Refer to the tables. If North Cantina is producing at production alternative C, the opportunity cost of the nineteenth unit of consumer goods will be m 00

Answer the question on the basis of the following production possibilities tables for two countries, North Cantina and South Cantina. North Cantina Production Possibilities A В D E F Capital Goods 5 4 3 2 1 Consumer Goods 10 18 24 28 30 South Cantina Production Possibilities A В D E F Capital Goods 5 4 3 Consumer Goods 8 15 21 25 27 Refer to the tables. If North Cantina is producing at production alternative C, the opportunity cost of the nineteenth unit of consumer goods will be m 00

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter2: Economic Tools And Economic Systems

Section: Chapter Questions

Problem 3.5P

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Elif can produce 6 pies or 30 cakes in 1 hour. Ahmet can produce 10 pies or 20 cakes in 1hour A) What is the opportunity cost of producing cakes for Elif? What is the opportunitycost of producing cakes for Ahmet?B) Who has a comparative advantage in producing pies and who has a comparativeadvantage in producing cakes?C) On the PPF lines, show what Elif produces and what Ahmet produces when theyspecialize.D) Suppose that they set the exchange price as 1 Pie = 3 Cakes. If they specialize andtrade, show an exchange situation that is beneficial for both (compared to thesituation you found at part (b))?F) What is the minimum and maximum exchange price they could have determined foran exchange that will be beneficial for both of them?
Countries A and B currently consume 400 units of food and 400 units of textiles each and currently do not trade with one another. The citizens of country A have to give up one unit of food to gain two units of textiles, while the citizens of country B have to give up one unit of textiles to gain two uni food. Their production possibilities curves are shown. textiles 1200 Cauntry A Slopedf 2 line 600 400 Country B Slopeof line To200 400 600 Under the theory of comparative advantage: O a. The citizens of country A should make textiles and trade with the citizens of country B for food. Ob. There are no gains from trade in this example. O. The citizens of country A should make food and trade with the citizens of country B for textiles. O d. A is twice as good as B at making food and B is twice as good as A at making textiles.
The accompanying hypothetical production possibilities tables are for New Zealand and Spain. Each country can produce apples and plums. New Zealand's Production Possibilities Table Spain's Production Possibilities Table (Millions of Bushels) (Millions of Bushels) Production Alternatives Production Alternatives Product A в D Product R T U Apples 20 40 I 60 Apples 40 20 60 Plums 15 10 5 Plums 60 40 20 a. Plot the production possibilities data for each of the two countries separately. Show the trading possibilities lines for each nation if the actual terms of trade are 1 plum for 2 apples. Instructions: (1) Use the tools provided, 'PPC NZ' and 'PPC SP, (plot 4 points each) to draw the PPC curves. (2) Use the tool provided, 'ToT,' in each diagram (plot 4 points each) to draw the trading possibilities lines for each nation. To earn full credit, you must correctly plot all points for each line. New Zealand Spain 80 Tools 140 Tools 120 PPC NZ PPC SP ToT Тот 60 100 80 40 60 40 20 20 50 (50, 0)…
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Use the diagram below to answer the question. Facemask 1200 1000 800 600 400 200 A 0 A PPF 32 200 400 600 800 1000 1200 Ventilator Hospitaland produces and consumes two goods, facemasks and ventilators, by using two inputs, labor and capital. The production possibilities frontier of Hospitaland is shown above. . Under autarky (in absence of trade), Hospitaland produces and consumes a combination of facemasks and ventilators at Point A. At Point A, a relative price of ventilator (Pventilator/Pfacemask) is (Answer up to the first decimal place: e.g. 12.3)
Draw another diagram putting on it the original production possibility frontier you drew for (a), labelling it AA. (i) Draw a new production possibility frontier on the diagram, labelling it PP, which shows the position after a devastating war has hit the economy. (ii) Draw another PPF labelling it QQ which shows an increase in productivity in the econory such that output from the same amount of resources increases by 50 per cent in the public sector but twice that amount in the private sector. already finished part A need help with part B thanks!
See the image below for econ help.
1. The diagram below refers to production possibility frontiers for a country that produces technological goods and agricultural goods. Technological goods 590 K 440 F 410 350 G 420 800 Agricultural goods Initially, the economy had a production possibility frontier shown by the curve FG and it was operating at point H. The production possibility frontier then moves to JG, and the economy is now operating at point K. Based on the information provided above, calculate the initial and the new opportunity cost in terms of technological goods of producing 420agricultural goods. You are required to show your workings..
The accompanying hypothetical production possibilities tables are for New Zealand and Spain. Each country can produce apples and plums. Plot the production possibilities data for each of the two countries separately. Referring to your graphs, answer the following:
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