Production possibilities of the United States (USA) and South Africa (RSA): USA RSA wheat (bushels/hour) 4 1 cloth ( meters/hour) 3 2 Plot the production frontiers of the United States and South Africa
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Production possibilities of the United States (USA) and South Africa (RSA):
USA | RSA | |
wheat (bushels/hour) | 4 | 1 |
cloth ( meters/hour) | 3 | 2 |
Plot the production frontiers of the United States and South Africa
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- The graph below shows the market for mandarin oranges in Odin for the month of November (in thousands of kilos). 1 6 5 X 4 3 2 450 750 10501200¹ 1350 300 600 900 Quantity per month Price 8 7 DS 0 150 Tools D₂ S2Problem 19-03 (algo) The following hypothetical production possibilities tables are for China and the United States. Assume that before specialization and trade the optimal product mix for China is alternative D and for the United States is alternative S. China Production Possibilities ok Product A B D E F Apparel 80,000 64,000 int Chemicals (tons) 0 32 48,000 64 32,000 96 16,000 128 160 rences Product Apparel Chemicals (tons) U.S. Production Possibilities R 240,000 0 S T 192,000 144,000 48 96 U 96,0000 144 W 48,000 0 192 240 Instructions: Enter your answers as whole numbers. a. Are comparative-cost conditions such that the two countries should specialize? Yes If so what product should each produce?DrivingNowhere is producing automobile spare parts. Consider the following data to answer below given questions. Annual demand 30500 Daily demand 100 Daily production 800 Desired lot size 200 Holding cost per uit per year $10 (a) Compute the setup cost so as to comply with the desired lot size. (b) Compute the setup time if hourly setup labor cost is $40.
- My Akron Experience - The UniveX DEL Homework (Ch 14): Do Your Hon x со ouTube y ? CENGAGE MINDTAP Gmail Netflix Homework (Ch 14) PRICE (Dollars per extra-large truck) Esc ng.cengage.com/static/nb/ui/evo/index.html?deploymentld-598281185943573732951246318&elSBN=9780357133606&id=16964735218sm Solitaire - Online &... a Hello, Kristin Accou... 500 450 400 350 Demand 300 62"F Mostly cloudy 250 200 150. 100 50 F1 0 0 1 Ø Arcade Spot Solitaire - Online &... 2 8 3 4 5 6 7 QUANTITY (Hundreds of extra-large trucks) F2 Supply Suppose that Zoomba is one of over a dozen competitive firms in the Eugene area that offers moving truck rentals. Based on the preceding graph showing the weekly market demand and supply curyes, the price Zoomba must take as given is F3 F4 30+ MindTap-Cengage Learning X CSuppose that Sendit is one of ove X 9 10 F5 ‒‒ - Microsoft Solitaire... Grammarly O Search + r 0 Chicken TacoCountry JKL has a maximum of 50 labour(hours). The tab shows maximum quantity of wheat and cotton the Country produce with different labour (hours) used. Combination A B C D E F Corn 15 14 12 9 5 0 Wheat 0 2 4 6 8 10 1) Plot the production combinations on a graph paper combinations as A to F. 2) Can Country JKL produce the following A) 4,000 kg of wheat and 9 ,000 kg of cotton B) 14,000 kg of wheat and 6 ,000 kg of cotton 3)Suppose that Country JKL produces 6,000kg of wheat and 100kg of cotton a week.Calculate the opportunity cost it of producing 3,000kg extra cotton a week.Suppose there are two countries Peru and Japan that produce Food and Fuel. Peru can produce 7,523 units of Food or 17,853 units of Fuel using a labour force of 8000. Japan can produce 5,733 units of Food or 24,156 units of Fuel using a labour force of 5000. (d) Which country has the comparative advantage in food? In fuel? Explain. (e) Which good(s) should each country specialize in? (f) Calculate the gains from trade from specialization.
- From the following table indicate which commodities the US should export to England. Explain! US UKWheat (Bushels/Labor Hour) 9.0 4.8Cloth (Yards/Labor Hour) 4.5 2.4Suppose that US and France produce cars and wine at different speeds wine cars 10 minutes/ 1 bottle 60 minutes/ 1 bottle France 2 days/ car US 3 days/ car (a) draw PPF for France and for US (b) calculate opportunity costs for both wine and cloths for both countries (c) which country has absolute advantage and in which product? (d) which country has comparative advantage and in which product? (e) if they decide to trade who will export wine and who will export cars? (f) at what price?The following is a productivity schedule for two countries, Pura Cendana and Antah Berantah. (d) Beef Computer (f) Pura Cendana 10 8 Antah Berantah 6 6 Suggest the terms of trade that would be acceptable to both countries. (e) If both countries allocate 60% of their resources in Beef's industry and the remaining 40% in Computer' industry before they trade, construct a table to show production of each country before trade. Assume that both countries decide to trade and resort to complete specialization. Construct a table to show production of each country after trade.
- Volume of Production Price (dollars) Total Production Cost (dollars) 10 1434 22841 30 991 26408 35 917 23781 45 1020 29675 70 703 38801 100 298 44834 4. Compute the slope of the demand curve. The potential answers are: A: -12.89 B: -10.5 C: -11.33 D: -14.28 E: -10.64 5. Compute the maximum potential sales quantity. The potential answers are: A: 127 units. B: 125 units. C: 105 units. D: 116 units. E: 168 units . 6. What percentage of total costs can be estimated based on the volume of production? The potential answers are: A: 69% B: 97% C: 91% D: 94% E: 92%Short Answer (8.0score) 33. The chart below is the prodution cost of US. and UK. U.S. U.K. Wheat (bushels/labor hour) 6 1 Cloth (yards/labor hour) 4 2 question: (1) explain the comparative advantage of each nation; (2) what is the gain from trade if the two trade for 4 wheat for 4 cloth?Which of the following best represents the benefit of trade based on comparative advantage? (a) Countries with better technology cannot benefit by trading with countries that have less technology (b) Large countries will benefit, but small countries will be better off without trade.(c) Each country can buy goods at a cost that is kes than what it would cost to produce the good in the home (d) Small countries will benefit at a cost to larger countries