Below are the data for the maximum production of the only two products for the countries of Oz and Zas. Oz: 36 food units or 18 equipment units Zas: 18 food units or 26 equipment units a. If each country is self-sufficient, with no trade between them, and each uses one-half of its resources to produce each of the two products, what is the output in each country. Fill in the table below. Country Oz Zas Country Oz Output of food units b. Based on part (a), total production of food is units and total production of equipment is [ units. c. If, instead, each country specializes and produces only the product that it can produce best, what will be the output in each country? Fill in the table below. Zas Output of equipment units Output of food units Output of equipment units d. Now, based on part (c), total production of food is e. The gains as a result of specialization are units and total production of equipment is more units of food produced and < Prev 5 of 5 Next units. more units of equipment produced.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Below are the data for the maximum production of the only two products for the countries of Oz and Zas.
Oz: 36 food units or 18 equipment units
Zas: 18 food units or 26 equipment units
a. If each country is self-sufficient, with no trade between them, and each uses one-half of its resources to produce each of the two
products, what is the output in each country. Fill in the table below.
Country
Oz
Zas
Country
Oz
Output of food
units
b. Based on part (a), total production of food is
units and total production of equipment is
c. If, instead, each country specializes and produces only the product that it can produce best, what will be the output in each country?
Fill in the table below.
Zas
Output of equipment
units
Output of food
units
Output of equipment
units
d. Now, based on part (c), total production of food is
e. The gains as a result of specialization are
units and total production of equipment is
more units of food produced and
< Prev
Search
5 of 5
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units.
units.
more units of equipment produced.
Transcribed Image Text:Below are the data for the maximum production of the only two products for the countries of Oz and Zas. Oz: 36 food units or 18 equipment units Zas: 18 food units or 26 equipment units a. If each country is self-sufficient, with no trade between them, and each uses one-half of its resources to produce each of the two products, what is the output in each country. Fill in the table below. Country Oz Zas Country Oz Output of food units b. Based on part (a), total production of food is units and total production of equipment is c. If, instead, each country specializes and produces only the product that it can produce best, what will be the output in each country? Fill in the table below. Zas Output of equipment units Output of food units Output of equipment units d. Now, based on part (c), total production of food is e. The gains as a result of specialization are units and total production of equipment is more units of food produced and < Prev Search 5 of 5 SAMSUNG Next units. units. more units of equipment produced.
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