Table 1 shows the production of corn by Syarikat Usaha. Answer the following questions based on the table. 1. Land Tractor (piece) (units) 1 1 1 1 1 1 1 1 2 2222 N N N N 2345678 2 2 Table 1. Production of corn Total product (tons) 8 24 54 82 95 100 100 96 2 Worker (peoples) 1 Average Product (tons) Calculate the average product and marginal product. Marginal Product (tons)

Table 1 shows the production of corn by Syarikat Usaha. Answer the following questions based on the table. 1. Land Tractor (piece) (units) 1 1 1 1 1 1 1 1 2 2222 N N N N 2345678 2 2 Table 1. Production of corn Total product (tons) 8 24 54 82 95 100 100 96 2 Worker (peoples) 1 Average Product (tons) Calculate the average product and marginal product. Marginal Product (tons)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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8. Factors of production can be: (a) Land (b) Labour (c) Organisation (d) All of the above
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Description Background information: A worker in the United States and a worker in China can each produce 1,000 pairs of jeans per week. A worker in the United States can produce 50 cell phones in a week, and a worker in China can produce 100 cell phones in a week. Answer the following questions based on this information. Part A: If each country attempted to produce both jeans and cell phones, how many jeans and cell phones could each country produce? What would be the total number of jeans and cell phones produced by the two countries combined? Show your work.in detail Part B: Calculate the opportunity cost of producing jeans for each country. Show your work in detail Part C: Calculate the opportunity cost of producing cell phones for each country. Show your work in detail Part D: Determine how many jeans should be produced by each nation. Show your work in detail. Part E: If each nation should specialize in producing jeans and cell phones, explain why; use economic terminology in your…