Business, 29.08.2021 05:50 goku4420

PLEASE HELP! THIS IS URGENT!!! An American worker can produce either 4 cars or 8 tons of grain a year. A Japanese worker can produce either 4 cars or 5 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 of Grain
United States drop 1: 1/8th, 1/5th, 1/4th, 4, 5, 8 drop 2: 1/8th, 1/5th, 1/4th, 4, 5, 8
Japan drop 1: 1/8th, 1/5th, 1/4th, 4, 5, 8 drop 2: 1/8th, 1/5th, 1/4th, 4, 5, 8

Use the blue line (circle symbol) to graph the production possibilities frontier for the American economy. Then use the green line (triangle symbol) to graph the production possibilities frontier for the Japanese economy.

Complete the following table by determining the opportunity cost of a car and of a ton of grain for both the United States and Japan. Opportunity Cost of
1 Car 1 Ton of Grain
(In terms of tons of grain given up) (In terms of cars given up)
United States drop 1: 1/4th, 1/2, 2, 8 drop 2: 1/8th, 1/2, 2, 4
Japan drop 1: 1/4, 1/5, 1 and 1/4, 5 drop 2: 1/5, 4/5, 1 and 1/4, 4
Given this information,(The US, Japan, or nether countrys)_ has an absolute advantage in producing cars, and(The US, Japan, or nether countrys)_ has an absolute advantage in producing grain.
Also, (The US, Japan, or nether countrys) has a comparative advantage in producing cars, and (The US, Japan, or nether countrys) has a comparative advantage in producing grain.
Assume that without trade, half of each country's workers produce cars and half produce grain.
Complete the following table with the quantities of cars produced and consumed in each country if there is no trade.
Cars Produced and Consumed Tons of Grain Produced and Consumed
(Millions) (Millions)
United States Fill in the blank x2
Japan Fill in the blank x2

True or False: Both countries would be better off if they produced the good in which they have a comparative advantage and then traded 300 million tons of grain for 200 million cars.

True
False

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 10:20

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Answers: 1

Answer

Business, 22.06.2019 15:30

The school cafeteria can make pizza for approximately $0.30 a slice. the cost of kitchen use and cafeteria staff runs about $200 per day. the pizza den nearby will deliver whole pizzas for $9.00 each. the cafeteria staff cuts the pizza into eight slices and serves them in the usual cafeteria line. with no cooking duties, the staff can be reduced by half, for a fixed cost of $75 per day. should the school cafeteria make or buy its pizzas?

Answers: 3

Answer

Business, 22.06.2019 19:40

Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: date transaction number of units cost per unit 1/1 beginning inventory 210 $ 910 5/5 purchase 310 $ 1,010 8/10 purchase 410 $ 1,110 10/15 purchase 255 $ 1,160 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?

Answers: 1

Answer

Business, 22.06.2019 22:30

Ellen and george work for the same company. ellen, a gen xer, really appreciates the flextime opportunities, while george, a baby boomer, takes advantage of the free computer training offered at the company. these policies are examples of

Answers: 3

Answer

You know the right answer?

PLEASE HELP! THIS IS URGENT!!! An American worker can produce either 4 cars or 8 tons of grain a y...

Questions