Home has 1200 units of labor available. It can produce two goods, apples and bananas. The unit labor requirement in apple production is 3, while in bananas production it is 2. There is now also another country, Foreign, with a labor force of 800. Foreign’s unit labor requirement in apple production is 5, while in bananas production it is 1. a) When all the labor in Foreign country only produce apples, how many units of apples can be produce? b) When all the labor in Foreign country only produce bananas, how many units of bananas can be produce? c) What is the opportunity cost of apples in terms of bananas in Foreign country?

Q: There are 2 countries, D and F. There are 2 products X and Y. Each country has only a single input…

A: * ANSWER :-  *(1)

Q: Suppose that each worker in the foreign country can produce two cars or three televisions. Assume…

A: This can be described as a concept that shows the graphical representation that shows the different…

Q: Assume efficient production. Lagertha can spend her time either fishing or forging swords. She has…

A: The economic faces three economic problems, namely: (i) Human wants are unlimited (ii) Resources to…

Q: tsource production to Bangladesh and other low-wage economies. Show your results in single diagram.…

A: Unemployment is a term alluding to people who are employable and effectively looking for a job yet…

Q: Chile and Xngon fing peanut butter, asing laber as their enly Pressince. Each pub pro luce ielly…

A: wo countries: Chile (C) and Argentina (A) Two goods: Jellybeans (J) and Peanut Butter (P) One factor…

Q: Suppose that Canada produces two goods: lumber (y) and fish (x). It has 18 million workers, each of…

A: Maximum amount is that amount which is maximum number of workers produced at maximum rate of…

Q: The demand for hamburgers is given by Qd=10-p and the supply is Qs=4p-10, where pd and ps are,…

A: "Since you have posted a question with multiple subparts, we will solve first three subparts for…

Q: Suppose that Country A is capital-endowed. Using the following production functions, which product…

A: The capital and labor are the factors of production and thus the comparative advantage would be…

Q: 2. In a one-factor economy, you have the following information: Home has 1,200 units of labor…

A: 2. c) Given: Total labour available in Home = 1200 units Unit labour requirement in apple production…

Q: Please answer all sub-part questions. 2. Assume there are two countries (Home and Foreign), two…

A: One worker produces the given data    Widgets Corn Home 4 5 Foreign 2 4         The…

Q: 4. In 1995, China produced 14 million tons of soybeans and consumed 14 million tons. In 2011 it…

A: According to the given information, it can be said that China is an importer of soybeans because its…

Q: 11. Kaplan is an island country. It produces fertilizer, oil press, rice, bean, and oil, while…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: We are given the following labour per output ratios for the US and Mexico: Chemicals Radios US 1 3…

A: To determine the relative price of chemicals in terms of US radium, we can use the labor theory of…

Q: Country Airplanes produced in 100 worker hrs Dishwashers produced in 100 worker hrs Microtania…

A: The opportunity cost of 1 unit of good = what we sacrifice / what we get It takes 100 hours to…

Q: worker in Bangladesh could work building a boat instead of making shirts, but he or she would need…

A: Opportunity cost is the forgone earning or activity that an individual can earn or perform if he/she…

Q: What is Bill's opportunity cost for a pound of berries? Enter a value without commas, symbols or…

A: Opportunity cost in general terms can be understood as the benefits of a good or commodity lost due…

Q: According to table 1.2, what is the opportunity cost of producing one cruise ship in Norway? Worker…

A: Opportunity cost refers to the loss of value of alternative good because you choose another…

Q: 20 15 Capital Goods 10 (in millions) 5 4 million capital goods 5 million capital goods 6 million…

A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…

Q: Annie is an excellent baker and Sam has a plentiful farm. If Sam trades eggs and butter to Annie for…

A: Trade refers to the exchange of goods, services, or resources between individuals, firms, or…

Q: 50 40 PPF 30 20 10 10 20 30 40 50 60 cloth

A: For gaining 10 units of cloth 10 units of wine has to be sacrificed. Opportunity cost=sacrifice/gain…

Q: Hours Needed to Make 1 Unit of Sweaters Cakes Sweden 1 Iceland 5 4 2 8 units of sweaters and 10…

A: An explanation of the associated trade-offs and opportunity costs is provided by a production…

Q: produce either 5 cloths or 10 wines. In the US, one hour of workers labor can produce either 20…

A: Opportunity cost measures the input need to be given up in order to obtain other input.

Q: For each watch Marina produces, it gives up the opportunity to make 50 pounds of cheese. Cambria can…

A: Opportunity cost: The cost or the price that could have been invested in the next best alternative…

Q: Suppose there are two countries, the U.S. and Mexico, each producing two goods, computers (C) and…

A: U.S can produce computer using 1 laborMexico can produce computer using 8 laborsThus, it implies U.S…

Q: Two countries each produce two goods. Country 1 has 200 workers and Country 2 has 600 workers. If…

A: Opportunity cost and comparative advantage: The value of alternative opportunities foregone and…

Q: not use ai please

A: Indeed, Selma ought to take care of the city as she outperforms Mark in terms of production there.…

Q: Refer to Table 1. Who should produce berries? [ Select ] Who should produce fish? [ Select ] Since (…

A:

Q: Suppose Malaydia's production possibilities include a maximum of 150 units of rice and 250 units of…

A: The Malaysia's production possibilities include a maximum of 150 units of rice and 250 units of…

Q: 2. In a one-factor economy, you have the following information: Home has 1,200 units of labor…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: The US and France each have 100 hours of labor to allocate between producing cheese and bread. With…

A: In this example France has the absolute advantages in producing both goods  . Detailed solution are…