Illustrate and explain the impact on the PPF of an improvement in the technology for producing white cheese.

24. Assuming labor is the only resource and England has 60 man-hours (mhrs) and Portugal 180 mhrs of labor resource available for production, which country has the comparative advantage in cloth?     a) Portugal     b) England     c) Both     d) Neither     e) Cannot tell

Barlow and Rusia own a nail salon. A manicure takes Barlow 60 minutes to complete and takes Rusia 45 minutes to complete. Completing a pedicure takes Barlow 45 minutes and takes Rusia 30 minutes. Who has a comparative advantage in pedicures? Barlow because he is faster. Rusia because she is faster. Rusia because she has a lower opportunity cost. Barlow because he has a lower opportunity cost.

Below table shows the production possibilities for the country of Emilon: A B C D Rice 40 72 96 112 Beef 30 27 21 12 Complete the following (approximate) possibilities for Emilon. a. Emilon can produce 104 rice and beef. b. Emilon can produce rice and 24 beef. Which of the following product combinations is Emilon capable of producing? C. Can Emilon produce 80 rice and 24 beef? (Click to select) d. Can Emilon produce 56 rice and 21 beef? (Click to select)

Task 2. Assume that Saxony has 500 labor hours per week, while Leinster has 1200. Both countries produce bicycles and roller skates. In Saxony, the labor requirement for a bicycle is 20 hours, while a roller skate costs 10. In Leinster, the labor requirement for a bicycle is 15 hours, while a roller skate costs 8 hours. In both countries, there are constant costs of production. a, Plot the production possibility curves for both countries. Plot community indifference curves as well and indicate a possible point of consumption and production (assuming there is no trade between the two countries)! Don't forget to name the axes. b, Calculate the opportunity cost of bicycle and roller skate in both countries. Which country has a comparative advantage in producing bicycle? And which one in roller skate? Why? c, Suppose trade opens up between the two countries and the international price of roller skate settles at 1.9 bicycle. Can this be the international price? d, Due to large scale…

Apple Republic and Banana Republic have 60,000 workers and 120,000 workers, respectively, and labor is the only factor of production. Unit labor requirements for both countries are given in the table below. Units of labor required per unit of output Banana Apple 4 2 Compute relative autarky price ratios (price of pork relative to that of fish) for both countries, defined as Pp/PF. Pork Fish 4 8

Please examine the data describing unit labor requirements and labor productivity for two nations. These nations are only able to produce one of two items - ships and planes. Given this information, what is the value of the cell labeled B? Unit Labor Requirements Hours of labor required to produce one unit Inland Ships Planes 2 Harborton 4 1 0.5 Labor Productivity How many units can be produced in one hour Inland Harborton Ships A 0.25 Planes 1.0 B 2 units 1 unit 0.5 units O units

The four people listed below are the only workers In an economy that works 10 hours per day and only produces two products. Use the table below and the questions below to construct a PPF that displays the maximum efficlent production. Basketballs Per Hour Apple Pies Per Hour LeBron 1 Anthony 6. Rajon Alex X-axis - pies Y-axis - basketballs Who is the only economic actor in this economy that does not have an efficiency bonus due to a product specialization? Rajon LeBron Anthony O d Alex 443

not use ai please

The term "figure skating" refers to the shapes that skaters used to trace in the ice as part of skating competitions. In the 1970s, this aspect of the sport was deemphasized and eventually eliminated. Use the theory of comparative advantage to show why eliminating this part of the competition has led skaters to perform much more difficult and sophisticated jumps and spins. TERM