Table 13.14 shows the output of kumquats per month.

-Suppose that the productivity per worker in the corn and barley industries of China and Russia are as follows:
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

Question

Table 13.14 shows the output of kumquats per month.
 
-Suppose that the productivity per worker in the corn and barley industries of China and Russia are as follows:
  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

Quizplus · Accepted Answer

The Answer of Table 13.14 shows the output of kumquats per month.
 
-Suppose that the productivity per worker in the corn and barley industries of China and Russia are as follows:
  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

Table 1314 Shows the Output of Kumquats Per Month