$$\begin{array}{l}
{ ~~~~~~~~~~~~~~~~~~~~~\text { Wat's Production Possibilities } }\
\begin{array} { | l | c | c | c | c | c | c | }
\hline \text { Product } & A & B & C & D & E & F \
\hline \text { Rice } & 750 & 600 & 450 & 300 & 150 & 0 \
\hline \text { Corn } & 0 & 50 & 100 & 150 & 200 & 250 \
\hline
\end{array}\\
{ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\text { Xat's Production Possibilities } }\
\begin{array} { | l | c | c | c | c | c | c | }
\hline \text { Product } & A & B & C & D & E & F \
\hline \text { Rice } & 2,500 & 2,000 & 1,500 & 1,000 & 500 & 0 \
\hline \text { Corn } & 0 & 100 & 200 & 300 & 400 & 500 \
\hline
\end{array}
\end{array}$$ The hypothetical nations Wat and Xat have the production possibilities for rice and corn given in the accompanying tables. Assume that Wat originally produced rice and corn at combination C and that
Xat originally produced combination B. If the nations now fully specialize based on comparative
Advantage, the total gains from specialization and trade are

Question

$$\begin{array}{l}
{ ~~~~~~~~~~~~~~~~~~~~~\text { Wat's Production Possibilities } }\
\begin{array} { | l | c | c | c | c | c | c | } 
\hline \text { Product } & A & B & C & D & E & F \
\hline \text { Rice } & 750 & 600 & 450 & 300 & 150 & 0 \
\hline \text { Corn } & 0 & 50 & 100 & 150 & 200 & 250 \
\hline
\end{array}\\
{ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\text { Xat's Production Possibilities } }\
\begin{array} { | l | c | c | c | c | c | c | } 
\hline \text { Product } & A & B & C & D & E & F \
\hline \text { Rice } & 2,500 & 2,000 & 1,500 & 1,000 & 500 & 0 \
\hline \text { Corn } & 0 & 100 & 200 & 300 & 400 & 500 \
\hline
\end{array}
\end{array}$$ The hypothetical nations Wat and Xat have the production possibilities for rice and corn given in the accompanying tables. Assume that Wat originally produced rice and corn at combination C and that
Xat originally produced combination B. If the nations now fully specialize based on comparative
Advantage, the total gains from specialization and trade are

Quizplus · Accepted Answer

The Answer of $$\begin{array}{l}
{ ~~~~~~~~~~~~~~~~~~~~~\text { Wat's Production Possibilities } }\
\begin{array} { | l | c | c | c | c | c | c | } 
\hline \text { Product } & A & B & C & D & E & F \
\hline \text { Rice } & 750 & 600 & 450 & 300 & 150 & 0 \
\hline \text { Corn } & 0 & 50 & 100 & 150 & 200 & 250 \
\hline
\end{array}\\
{ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~\text { Xat's Production Possibilities } }\
\begin{array} { | l | c | c | c | c | c | c | } 
\hline \text { Product } & A & B & C & D & E & F \
\hline \text { Rice } & 2,500 & 2,000 & 1,500 & 1,000 & 500 & 0 \
\hline \text { Corn } & 0 & 100 & 200 & 300 & 400 & 500 \
\hline
\end{array}
\end{array}$$ The hypothetical nations Wat and Xat have the production possibilities for rice and corn given in the accompanying tables. Assume that Wat originally produced rice and corn at combination C and that
Xat originally produced combination B. If the nations now fully specialize based on comparative
Advantage, the total gains from specialization and trade are

The Hypothetical Nations Wat and Xat Have the Production Possibilities