Suppose that a worker in Country A can make either 10 iPods or 5 tablets each...
Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. A bundle of goods that Country A could potentially make would be: please explain step by step.
A (1,000 iPods, 500 tablets).
B. (500 iPods, 500 tablets).
(500 iPods, 250 tablets).
D. (750 iPods, 150 tablets).
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
Suppose that a worker in Country A can make either 10 iPods or 5
tablets each...
Q1: Q2: Suppose that a worker in Country A can produce either 25 bananas or 5...
Q1:
Q2:
Suppose that a worker in Country A can produce either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can produce either 18 bananas or 6 tomatoes each year. Country B has 400 workers. The workers in Country B will benefit from trade if they: Multiple Choice specialize in bananas because they have a comparative advantage in banana production. O specialize in tomatoes because their opportunity cost of tomatoes...
1. Each country has 10 workers who can produce either microchips or brooms. A worker in...
1. Each country has 10 workers who can produce either microchips or brooms. A worker in U.S can produce 9 microchips a day or 1 broom a day. A worker in Mexico can produce 1 microchip or 9 brooms a day. 1. a) Draw the production possibilities frontier (PPF) of microchips and brooms for U.S. 1. b) Draw the production possibilities frontier (PPF) of microchips and brooms for Mexico 1. c) Explain how trade can benefit both the U.S and...
2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons...
2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons of grain a year. A Japanese worker can produce either 3 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers. Complete the following table with the number of workers needed to make one car or 1 ton of grain in the United States and Japan. Workers Needed to Make 1 Car 1 Ton...
2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons...
2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons of grain a year. A Japanese worker can produce either 3 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers. Complete the following table with the number of workers needed to make one car or 1 ton of grain in the United States and Japan. Workers Needed to Make 1 Car1 Ton of...
1. Suppose that in an hour a German worker can produce 200 clothes or 20 cars,...
1. Suppose that in an hour a German worker can produce 200 clothes or 20 cars, while a Japanese worker can produce 150 clothes or 10 cars. Each country has 8 hours available. (a) Suppose that without trade the labour in each country spend 25% of their time producing clothes. How many clothes and cars would Germany produce? 2. Suppose that in an hour a German worker can produce 200 clothes or 20 cars, while a Japanese worker can...
Suppose that a worker in Boatland can produce either 10 units of wheat or 25 units...
Suppose that a worker in Boatland can produce either 10 units of wheat or 25 units of fish per year, and a worker in Farmland can produce either 25 units of wheat or 10 units of fish per year. There are 10 workers in each country. Political pressure from the fish lobby in Farmland and from the wheat lobby in Boatland has prevented trade between the two countries on the grounds that cheap imports would kill the fish industry in...
I need help with all these l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で...
I
need help with all these
l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で Name and Dot Number Multiple Choice Questions 1. Which of the following is not considered an economic resource? A. Real estate B. A personal relationship C. Cash D. These are all examples of a resource. 2. Which of the following economic decisions would most likely be studied by a macroeconomist? A. Domino's Pizza decides to provide quantity discounts in order to increase revenue B....
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...
This question is about specialization and trade. A.) Suppose a worker in the U.S. can produce...
This question is about specialization and trade. A.) Suppose a worker in the U.S. can produce 4 cars or 10 computers. A worker in Russia can produce 2 cars or 10 computers. Suppose that the U.S. has 100,000 workers and Russia has 200,000 workers. Draw the PPF for each country. Be sure to keep the axes on the two graphs consistent. B.) Compute absolute advantage C.) Compute comparative advantage D.) Suppose that the U.S. makes only what they have comparative...
A country has two types of workers, skilled and unskilled. Workers can produce either chairs or...
A country has two types of workers, skilled and unskilled. Workers can produce either chairs or sofas. Output per worker is as follows: Output per Worker Chairs Sofas Unskilled Workers 6 4 Skilled Workers 10 6 According to the data, ▼ an absolute advantage in making either type of good. Based on comparative advantage, who should make chairs and who should make sofas? ▼ Both have Unskilled workers have Neither has Skilled workers have a comparative advantage in making chairs....
Q1:
Q2:
Suppose that a worker in Country A can produce either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can produce either 18 bananas or 6 tomatoes each year. Country B has 400 workers. The workers in Country B will benefit from trade if they: Multiple Choice specialize in bananas because they have a comparative advantage in banana production. O specialize in tomatoes because their opportunity cost of tomatoes...
1. Each country has 10 workers who can produce either microchips or brooms. A worker in U.S can produce 9 microchips a day or 1 broom a day. A worker in Mexico can produce 1 microchip or 9 brooms a day. 1. a) Draw the production possibilities frontier (PPF) of microchips and brooms for U.S. 1. b) Draw the production possibilities frontier (PPF) of microchips and brooms for Mexico 1. c) Explain how trade can benefit both the U.S and...
2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons of grain a year. A Japanese worker can produce either 3 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers. Complete the following table with the number of workers needed to make one car or 1 ton of grain in the United States and Japan. Workers Needed to Make 1 Car 1 Ton...
2. Problems and Applications Q2 An American worker can produce either 5 cars or 9 tons of grain a year. A Japanese worker can produce either 3 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers. Complete the following table with the number of workers needed to make one car or 1 ton of grain in the United States and Japan. Workers Needed to Make 1 Car1 Ton of...
I
need help with all these
l T-Mobile Wi-Fi 12:38 PM 69% くBack Homework 1.pdfa で Name and Dot Number Multiple Choice Questions 1. Which of the following is not considered an economic resource? A. Real estate B. A personal relationship C. Cash D. These are all examples of a resource. 2. Which of the following economic decisions would most likely be studied by a macroeconomist? A. Domino's Pizza decides to provide quantity discounts in order to increase revenue B....
Most questions answered within 3 hours.
-
how might the HR Scorecard might be used to demonstrate value
creation that aligns with the...
asked 12 minutes ago -
If the racetrack publishes that the odds in favor of a horse
winning a race are...
asked 20 minutes ago -
2.
A particular sample of vinegar has a pH of 2.95.
Part A
If acetic acid...
asked 25 minutes ago -
1a.) A simple random sample of 100 Harvard undergraduates was
given a two-question astronomy test. 13%...
asked 30 minutes ago -
A spider hangs vertically from a thread of negligible mass. In
what situation, the tension in...
asked 31 minutes ago -
is an approach for addressing bottlenecks in a process or
system.
A. Utilization
B. Breakeven Analysis...
asked 52 minutes ago -
A 125 g sample of an unknown substance is heated to 93.6 °C and
then dropped...
asked 43 minutes ago -
How is a car horn like an earthquake? How is it different? Which
of the waves...
asked 47 minutes ago -
Currently, GH Co. sells 42,600 handbags annually at an average
price of $149 each. It is...
asked 1 hour ago -
A boy of mass 60 kg and a girl of mass 40 kg are together and...
asked 1 hour ago -
Which of the following best describes transferred-in costs?
A) they are the cost of transferring products...
asked 1 hour ago -
Programming in C:
Write a program that accepts an integer and two floating-point
values (All three...
asked 1 hour ago