The data in the table below are for the small country of Xanadu. Assume that the economy is originally producing combination C.Capital GoodsAAB20CD32404446Capital Goods 2Consumer Goods125100755025Ba. A technological change occurs that enables Xanadu to produce 60% 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.b. 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 was 44e. After the technological change, the opportunity cost of the first 100 consumer goods is19.2 more capital goods as a25 more consumer goods as acapital goodscapital goods

The analysis of Xanadu's economic changes due to technological improvements reveals significant…

Answered: The data in the table below are for the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Assume that countries A and B operating in the immobile factor model have identical labor endowments. Both produce beer and pizzas. Country A has an absolute advantage in the production of beer, while Country B has an absolute advantage in the production of pizzas. Which of the following statements will be true? O Labor productivity of beer workers is higher in Country B. O Unit labor requirement for pizza production is lower in Country A. O Autarky price of beer will be higher in Country B. O Autarky price of pizza will be higher in Country B. O Country B produces more beer than Country A.
13. Assuming the PPF is shifting from PPFo to PPFn, which of the following explains the cause or causes of the economic growth depicted in this Figure? a) This Figure represents growth due to an increase in resources and/or improvement in technology that are specific to the production of X. b) This Figure represents growth due to an increase in resources and/or improvement in technology that are specific to the production of Y. c) This Figure represents growth due to an increase in resources and/or improvement in technology that are not specific to either product. d) This Figure represents growth due to an increase in specialization.
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…
Please examine the data describing unit labor requirements and labor productivity for two nations. These nations are only able to produce one of two items - ships and planes. Given this information, what is the value of the cell labeled B? Unit Labor Requirements Hours of labor required to produce one unit Inland Ships Planes 2 Harborton 4 1 0.5 Labor Productivity How many units can be produced in one hour Inland Harborton Ships A 0.25 Planes 1.0 B 2 units 1 unit 0.5 units O units
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.)
Consider the table below containing data for two hypothetical nations, Alpha and Beta, for the years 1999 and 2019 1999 Country Alpha Beta Average labor productivity $42,770 $27,975 Output per person $14,114 Average labor productivity $39,773 $13,428 $44,765 a. Which of the following statements are true for nations Alpha and Beta: O Labor productivity decreased in both nations, O Living standards increased in both nations. 2019 O Labor productivity increased in both nations. O Living standards increased in Beta but not in Alpha. Output per person $20,661 $21,935
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.
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…
Suppose the UK has 50 hours of labor available, and the US has 100 hours of labor available. Each can use this labor to produce either cars or bicycles. The UK can produce a car using 10 hours of labor, and a bicycle using 5 hours of labor. The US can produce a car using 5 hours of labor, and a bicycle using 4 hours of labor. Suppose that jointly, the two countries produce 15 bikes and 16 cars. Then it must be that the UK only produces bikes, and the US produces both bikes and cars. the UK produces bikes and cars, and the US only produces cars. the UK only produces cars, and the US only produces bikes. the UK only produces bikes, and the US only produces cars.

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