South Africa and Madagascar have the same number of resources. South Africa can produce either 700 tonnes of iron ore or 3200 vanilla beans. Madagascar can produce either 400 tonnes of iron ore or 2800 vanilla beans. After specializing in the good in which it has a comparative advantage, the two countries decide to trade with one another at a relative price of 1 tonnes of iron ore for 4 vanilla beans. Your answer to the blanks below should include only numbers. Do not include the comma (.) in your answer. Round your answer to the nearest integer, if necessary. As a result of specialization and trade, South Africa's consumption possibility frontier will be a straight line with a iron ore intercept of 350 and a vanilla bean intercept of 5000 tonnes

South Africa and Madagascar have the same number of resources. South Africa can produce either 700 tonnes of iron ore or 3200 vanilla beans. Madagascar can produce either 400 tonnes of iron ore or 2800 vanilla beans. After specializing in the good in which it has a comparative advantage, the two countries decide to trade with one another at a relative price of 1 tonnes of iron ore for 4 vanilla beans. Your answer to the blanks below should include only numbers. Do not include the comma (.) in your answer. Round your answer to the nearest integer, if necessary. As a result of specialization and trade, South Africa's consumption possibility frontier will be a straight line with a iron ore intercept of 350 and a vanilla bean intercept of 5000 tonnes

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

QUESTION 6 Money can be saved and used later. True False
Brief description of the pie chart for a proposal
what are the numbers that go in the cost table A through L Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
The CEO of SLIM Company analyzes many indicators such as sharp and constant reduction in the number of customers, decline in profit, increase in customer complaints, increase in competitors' sales. Analyzing these indicators is part of the -- -- step in decision-making process. ' A- Assess Alternatives' B -Recognize the need for a decision' C 'Generate Alternatives' (D) 'Implement chosen Alternatives' E) 'Choose among Alternatives'
Utilities Some rental units have certain expenses included with the rent. Water, electricity, and heating are often referred to as utilities. Some tenancy agreements require the tenant to pay for utilities. 7. a) Bianca and Sarah rent a semi-detached house. They pay for utilities as well as rent. Complete the chart to determine their estimated annual cost for utilities. Average Billing Frequency Estimated Amount Billed Annual Cost Item Natural gas Monthly $118 Electricity Bi-monthly $140 Water Quarterly $120 Estimated Total Annual Cost b) A news report claimed that utility costs would rise by an average of 10% next year. Estimate how much Bianca and Sarah can expect to pay for utilities next year. 0
Shane teaches guitar lessons. The graph below shows the comparison of his expenses and revenue for one month. r ($) L -1000 000 -600 200 Number of Lessons Expenses Revenue How many lessons must he teach to break even?
E2
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Rivets are generally specified by_ a•thickness of plates to be joined b•overall length c•shank diameter d•diameter of head don't use chagpt answer.
Price (dollars per gallon) $5.50 3.50 2.50 0 30 40 45 D S2 S₁ Quantity (millions of gallons per month)
Find the attached file.