Suppose a worker in Germany can produce 15 cars or 5 tonnes of grain per month. Suppose a worker in Poland can produce 4 cars or 4 tonnes of grain per month. For simplicity, assume that each country has only one worker. a. Fill out the following table? Cars in number Grain in tonnes Germany Poland b. Graph the production possibilities frontier for each country? c. What is the opportunity cost of a Car in Germany? What is the opportunity cost of a tonne of Grain in Germany? d. What is the opportunity cost of a Car in Poland? What is the opportunity cost of a ton of Grain in Poland?

Suppose a worker in Germany can produce 15 cars or 5 tonnes of grain per month. Suppose a worker in Poland can produce 4 cars or 4 tonnes of grain per month. For simplicity, assume that each country has only one worker. a. Fill out the following table? Cars in number Grain in tonnes Germany Poland b. Graph the production possibilities frontier for each country? c. What is the opportunity cost of a Car in Germany? What is the opportunity cost of a tonne of Grain in Germany? d. What is the opportunity cost of a Car in Poland? What is the opportunity cost of a ton of Grain in Poland?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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