Below table shows the production possibilities for the country of Emilon: Rice Beef A 0 60 B 70 54 C 126 42 D 168 24 E 196 0 Complete the following (approximate) possibilities for Emilon. a. Emilon can produce 182 rice and beef. b. Emilon can produce rice and 48 beef. Which of the following product combinations is Emilon capable of producing? c Can Emilon produce 140 rice and 48 beef? No, it cannot be produced. d. Can Emilon produce 98 rice and 42 beef? Yes, it can be produced. < Prev 2 of 7 Next >

Below table shows the production possibilities for the country of Emilon: Rice Beef A 0 60 B 70 54 C 126 42 D 168 24 E 196 0 Complete the following (approximate) possibilities for Emilon. a. Emilon can produce 182 rice and beef. b. Emilon can produce rice and 48 beef. Which of the following product combinations is Emilon capable of producing? c Can Emilon produce 140 rice and 48 beef? No, it cannot be produced. d. Can Emilon produce 98 rice and 42 beef? Yes, it can be produced. < Prev 2 of 7 Next >

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter3: Interdependence And The Gains From Trade

Section: Chapter Questions

Problem 6PA

See similar textbooks

Similar questions

Below table shows the production possibilities for the country of Emilon:
Who has the comparative advantage in the production of good x ?
The following table gives recent figures for yield per acre in Illinois and Kansas : Illinois: WHEAT 48 SOYBEANS 39 Kansas: WHEAT40 SOYBEANS 24 If we transfer land out of wheat into soybeans , how many bushels of wheat do we give up in Illinois per additional bushel of soybeans produced in Kansas ? Which state has a comparative advantage in wheat produc tion ? in soybean production ? The following table gives the distribution of land planted for each state in millions of acres in the same year . Illinois TOTAL ACRES UNDER TILL 22.9 WHEAT 1.9 ( 8.3 % ) SOYBEANS 9.1 ( 39.7 % ) Kansas TOTAL ACRES UNDER TILL 20.7 WHEAT 11.8 ( 57.0 % ) SOYBEANS1.9 ( 9.2 % ) Are these data consistent with your answer to question 2? Explain .
Draw a table showing Autarky price ratios for each country and a diagram for the consumption and production possibilities frontier in Autarky when Canada produces 2000 units of corn with all its labour resources or 8000 units of wool with all its labour resources, consumes 1000 of corn and 4000 of wheat. Brazil has 12000 units of labour available. It takes 6 hours to produce a unit of corn and 3 hours to produce a unit of wool. Brazil consumes 1200 corn and 1600 wool.
Question 28 The table shows the maximum quantity of cars or motorcycles that can be produced by two countries, X and Y, using equal amounts of resources. Motorcycles Cars 10 60 20 80 Based on the data in the table, which of the following is true? A B D Country X Country Y E Country X has a comparative advantage in producing cars. Country Y has a comparative advantage in producing cars. Country X has an absolute advantage in producing cars. Country X has an absolute advantage in producing motorcycles. Country Y has a comparative advantage in producing motorcycles.
Please as soon as possible.thank you
can someone help with part G Case Study1. Assume that the continent of Mainland has only two countries, Alpha and Beta, which produce only two goods, corn, and peanut. Each country has 42 labor hours per week allocated to the production of corn or peanut. Producing a ton of corn costs 2.8 hours to Alpha and 1.4 hours to Beta. On the other side, each ton of peanut costs 1.68 hours to Alpha and 4.2 hours to Beta. Using the above case study, respond to the following Questions by showing all your work: a. Draw the production possibilities frontier of each country and provide its equation with peanuts on the x-axis. b. Assume that each country decides to use half of its resources in the production of each good. Show these points on the graphs for each country as point A. c. Can Alpha produce Beta produce 20 tons of corn and 15 tons of peanut each? Justify your answer. (Hint: Use the PPF equations.) d. If these countries choose not to trade, what would be the total world production of…
The following production possibilities schedule shows the quantities of soybeans and oil that can be produced in Canada and Mexico with one unit of equivalent resources Of (barrels) 12 6 Canada Mexico Mexico would not gain by producing and exporting oil and importing soybeans unless it received O A more than 4 17 bushels of soybeans per barrel of of OB. 2 bushels of soybeans per barrel of o OC any quantity of soybeans OD. more than 5 42 bushels of soybeans per barrel of ol OE more than 0.5 barrel of ol Soybeans (bushels) 65 25
The table below shows how many millions of cars and trucks each country can produce in one year. Based on the information, which of the following is true? Maximum Country Country outputs A B CARS 30 m 35 m TRUCKS 6 m 21 m Copyright: www.economicsonline.co.uk Country A has the comparative advantage in trucks Country B has the comparative advantage in cars Country A has the comparative advantage in cars Country A has the absolute advantage in cars
SUVs (millions per year) 5 4 3 2 A 2 B ו 3 5 6 Compact cars (millions per year) The figure above shows the production possibilities frontier for a country. In order for it to move from producing at point A to producing at point B, the country would need to: Select one: a. decrease compact car production by 3 million. O b. acquire more resources and/or more advanced technology. C. decrease SUV production by 4 million. d. decrease SUV production by 1 million.
To determineThe ability of a country to produce a commodity with fewer resources.
01 20 wered For each fancy dress Cafilla produces, it gives up the opportunity to make 50 pounds of cheese. Bodoni can produce one fancy dress for every 100 pounds of cheese it produces. If specialization and trade were to occur between these two countries, which of the following would be consistent with the theory of comparative advantage? O a. Bodoni has the comparative advantage in only dresses. O b. Cafilla has the comparative advantage in only cheese. O c. Cafilla has the comparative advantage in only dresses. O d. Bodoni has the comparative advantage in dresses and cheese. O e. Cafilla has the comparative advantage in dresses and cheese. D AssignmentMain.do?takeAssignmentSession Locator assignment-take,0896c4f4-0518-431a-b10a-1cd73a8289c4# Show -9 bike 2 bike jpg.jpg bike 2.jpg T ▬▬ 6:5 6/12/2 ➡+ prt so R % 5 L G B O Y I & 7 x 8 l J C IAA 00 M 9 K fio ► 11 O ENG S D