Table 2.14

-Refer to Table 2.14.This table shows the number of labour hours required to produce a cell phone and a cubic metre of lumber in Estonia and Finland.
a.If each country has a total of 3,600 labour hours to devote to the production of the two goods,draw the production possibilities frontier for each country.Put "Cell Phone" on the horizontal axis and "Lumber" on the vertical axis.Be sure to identify the intercept values on your graphs.

Question

Table 2.14
 
-Refer to Table 2.14.This table shows the number of labour hours required to produce a cell phone and a cubic metre of lumber in Estonia and Finland.
a.If each country has a total of 3,600 labour hours to devote to the production of the two goods,draw the production possibilities frontier for each country.Put "Cell Phone" on the horizontal axis and "Lumber" on the vertical axis.Be sure to identify the intercept values on your graphs.

Quizplus · Accepted Answer

The Answer of Table 2.14
 
-Refer to Table 2.14.This table shows the number of labour hours required to produce a cell phone and a cubic metre of lumber in Estonia and Finland.
a.If each country has a total of 3,600 labour hours to devote to the production of the two goods,draw the production possibilities frontier for each country.Put "Cell Phone" on the horizontal axis and "Lumber" on the vertical axis.Be sure to identify the intercept values on your graphs.

Table 2.14 -Refer to Table 2.14.This Table Shows the Number of Labour