5 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 unitsZas: 18 food units or 26 equipment unitsa. If each country is self-sufficient, with no trade between them, and each uses one-half of its resources to produce each of the twoproducts, what is the output in each country. Fill in the table below.CountryOzZasCountryOzOutput of foodunitsb. Based on part (a), total production of food isunits and total production of equipment isc. 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.ZasOutput of equipmentunitsOutput of foodunitsOutput of equipmentunitsd. Now, based on part (c), total production of food ise. The gains as a result of specialization areunits and total production of equipment ismore units of food produced and< PrevSearch5 of 5SAMSUNGNextunits.units.more units of equipment produced.

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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 [ 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.

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

Section: Chapter Questions

Problem 1QTC

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Question

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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UNITS OF VARIABLE TOTAL MARGINAL AVERAGE PRICE OF INPUT PRODUCT PRODUCT PRODUCT INPUT TOTAL VARIABLE COST AVERAGE VARIABLE COST TOTAL FIXED TOTAL AVERAGE TOTAL MARGINAL COST COST COST COST 012345678 0 $1 $2 6 $1 2 15 $1 27 $1 37 $1 45 $1 50 $1 52 $1 50 $1 ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ ଖ $2 $2 $2 $2 $2 $2 $2 $2
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