Assume that the world economy consists of two countries: Russia and Republic of Belarus. Each country can produce tomatoes and potatoes. Russia can produce 1000 tons of tomatoes or 3000 tons of potatoes or any linear combination of tomatoes and potatoes that satisfies potatoes + 3 × tomatoes = 3000. Republic of Belarus can produce 500 tons of tomatoes or 1000 tons of potatoes or any linear combination of tomatoes and potatoes that satisfies potatoes + 2 × tomatoes = 1000. Countries can freely trade with each other.
-If people in both countries eat the same dish that requires 0.1 kg or tomatoes and 1.4 kg of potatoes to prepare,and the price of potatoes is $1000 per ton,what is the GDP in Republic of Belarus?
A) $165,000
B) $333,333
C) $1,000,000
D) None of these

Question

Quizplus · Accepted Answer

The Answer of Assume that the world economy consists of two countries: Russia and Republic of Belarus. Each country can produce tomatoes and potatoes. Russia can produce 1000 tons of tomatoes or 3000 tons of potatoes or any linear combination of tomatoes and potatoes that satisfies potatoes + 3 × tomatoes = 3000. Republic of Belarus can produce 500 tons of tomatoes or 1000 tons of potatoes or any linear combination of tomatoes and potatoes that satisfies potatoes + 2 × tomatoes = 1000. Countries can freely trade with each other.
-If people in both countries eat the same dish that requires 0.1 kg or tomatoes and 1.4 kg of potatoes to prepare,and the price of potatoes is $1000 per ton,what is the GDP in Republic of Belarus?
A) $165,000
B) $333,333
C) $1,000,000
D) None of these

Assume That the World Economy Consists of Two Countries: Russia