Country A has 100 workers and Country B has 100 workers. Every worker in Country A...
Country A has 100 workers and Country B has 100 workers. Every worker in Country A can produce 6 tons of wheat per year, or can produce 12 tons of corn per year. Every worker in Country B can produce 2 tons of wheat per year, or can produce 10 tons of corn per year.
Suppose initially the countries do not trade and Country A has 50 workers producing corn and 50 producing wheat. Country B has 30 workers producing corn and 70 producing wheat. Fill out the following table for Country B & PLEASE SHOW ME HOW YOU FOUND THE ANSWER FOR COUNTRY B.
| Country A | Country B | |
| Corn Produced | 600 | ? |
| Wheat Produced | 300 | ? |
Homework Answers
In case of country A,
Wheat produced=output of wheat per worker*workers employed=6*50=300 tons
Corn produced=output of corn per worker*workers employed=12*50=600 tons
In case of country B,
Wheat produced=output of wheat per worker*workers employed=2*70=140 tons
Corn produced=output of corn per worker*workers employed=10*30=300 tons
| Country A | Country B | |
| Corn Produced | 600 | 300 |
| Wheat Produced | 300 | 140 |
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