Refer to the following table when answering the following questions.
Table 19.1: East and West Fish and Chip Production
-Consider Table 19.1. In the East, with autarky, total fish production is ________ kilos and total chip production is ________kilos, assuming people spend half their incomes on each good.

Question

Refer to the following table when answering the following questions.
Table 19.1: East and West Fish and Chip Production 
-Consider Table 19.1. In the East, with autarky, total fish production is ________ kilos and total chip production is ________kilos, assuming people spend half their incomes on each good.

Quizplus · Accepted Answer

In the East, the total income is 16,000 and if people spend half their income on each good, then the demand for each good would be 8,000. Looking at the table, East can produce 6,000 kilos of fish and 2,000 kilos of chips. Therefore, the total production would be 12,000 kilos of fish and 4,000 kilos of chips.

Refer to the Following Table When Answering the Following Questions