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Suppose That the Productivity Per Worker in the Corn and Barley

Question 148

Essay

Suppose that the productivity per worker in the corn and barley industries of China and Russia are as follows:  Number of Bushels per day  Corn  Barley  China 1 or 2Russia1 or 3\begin{array} { l c c c } &&\underline{{ \text { Number of Bushels per day } }} \\ &\underline{ \text { Corn } } &&\underline{ \text { Barley } } \\\text { China } & 1 & \text { or } & 2\\\text {Russia}&1& \text { or } &3\end{array} a) What is the opportunity cost of 1 bushel of corn for China? For Russia?
b) What is the opportunity cost of 1 bushel of barley for China? For Russia?
c) Suppose there are 1000 workers in both China and Russia. Draw a production possibility curve for China and Russia

Correct Answer:

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a) China: 2 bushels of barley.
Russia: 3...

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