The data in the table below are for the small country of Xanadu. Assume that the economy is originally producing combination C.FCapital GoodsCapital Goods 2Consumer GoodsA0125B10100C1475D1850E2025218a. A technological change occurs that enables Xanadu to produce 40% more units of capital goods. Complete the row Capital Goods2, in the table above, given this technological change. Enter your responses, both above and below, rounded to 1 decimal place.more capital goods as ab. Assuming the economy wants to continue with the same quantity of consumer goods, it can haveresult of the technological improvement.c. Assuming the economy wants to continue with the same quantity of capital goods, it can haveresult of the technological improvement.d. Before the technological change, the opportunity cost of the first 100 consumer goods wase. After the technological change, the opportunity cost of the first 100 consumer goods ismore consumer goods as a(Click to select):(Click to select)

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Parts a and b in the attached image please
Hand written answer is not allowed dear.
In the Heckscher-Ohlin-Vanek model, labour productivities in the production of a good in the different countries must be equal to each other must be equal to productivity of capital in producing the same good must be equal to each other and the capital productivities for the same good in different countries none of the above.
I've already read the answer provided on this site, but it is not giving me the information I need. I understand the math for finding the opportunity costs for each item in each country. However, where are they getting the answer that 2.5 tons of chemicals is what the US will give up, and 1 ton of apparel is what China will give up? From videos I've seen on youtube, they basically state that as long as the cost is less than what the original opportunity cost is, then nations will trade. So, it costs China 4 apparel for every 1 ton of chemicals, and in the US it costs 1 apparel for every 3 tons of chemicals. Am I right to assume that as long as China can trade less than 4 apparel it will benefit, and as long as the US can trade less than 3 tons of chemicals it will benefit? If so, then what is the math being used to arrive at exactly 1 ton of Chemicals for 1 ton of Apparel for China, and 1 apparel for 2.5 tons of Chemicals for the US? I need to understand the math that is used to…
If Q = 0.5 K² L², and we use 2 units of capital and 2 units of labour, how much can we produce? (Only enter the number, no units or symbols.)
Q9 What’s the correct answer ?
In the Romer Model (1990), if the level of technological knowledge is 1000, productivity parameter in the R&D sector is 0.0001, and wage paid to human capital is 50, what is the price of a new design from the R&D activities? (Show calculation steps.) In the Romer Model (1990), suppose the productivity parameter in the R&D sector is 0.0001 and the stock of human capital in the economy is 5000, of which 4000 is allocated to the manufacturing of the final goods. In the final goods production sector, output elasticity with respect to labor is 0.3 and output elasticity with respect to human capital is 0.5. Find the equilibrium interest rate. (Show calculation steps.)
Assume that quantities do not need to be integers. That is, it is feasible for Andreas to knit 37.25 pairs of mittens. It takes Andreas 3 hours to knit a pair of mittens and 6 hours to knit a scarf. Assuming efficient production, what is the opportunity cost, in terms of pairs of mittens, of Andreas choosing to knit one extra scarf? Enter a number (and only a number, no units) rounded to two decimal places. If your answer is 1.275, enter 1.28.
Please answer part b: *** specialization point****
Consider the Specific Factors model with two countries, Home and Foreign, with two goods, cars (c) and pharmaceutical drugs (d), and three factors, capital K, skilled labour S, and unskilled labour L. The production functions are given by 1 F.(Ke, Le) = K. Lễ and Fa(Ka, Sa) = K}S}. That is, skilled labour is specific to pharmaceutical drugs, and unskilled labour to cars. Suppose that the countries' factor endowments are KH = 2 = KF, and LF = 3/2, and SH LH :1 || 1 and SF = 1/2, so that the total labour force is 2 in both countries. The price of capital is denoted by r, the price of skilled and unskilled and normalise pa = labour by w, and wi. Denote the goods' prices by pc and Ра, : 1 for simplicity. The demand for cars and drugs in country j = H, F is given by x and r: %3D 2Yi and ra 3 pe 1Yi %3D 3 pa where Y' denotes aggregate income in country j. (a) Draw or compute the PPFS of Home and Foreign.
ackground 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.)Part B: Calculate the opportunity cost of producing jeans for each country. (Show your work.)Part C: Calculate the opportunity cost of producing cell phones for each country. (Show your work.)Part D: Determine how many jeans should be produced by each nation. (Show your work). Part E: If each nation should specialize in producing jeans and cell phones, explain why; use economic terminology you have learned in this unit in your…
What is technological diffusion? Describe the two models of technological diffusion. Which of these models do you think is accurate in describing the global and social digital divide, and why?

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