QUESTION 6 PRODUCTION AND CONSUMPTION (TRADE) POSSIBILITIES FRONTIERS Portugal England 90 90 80 70 80 70 60 60 CPF 50 50 40 30 40 30 CPF PPF PPF 20 10 20 10 0 10 20 30 40 50 60 0 10 20 30 40 50 60 cloth cloth 06. If Portugal has a total of 120 man-hours of resources available for production, while England has only 90, what are the resource costs of wine and cloth? O wine costs 1 man-hour/bottle and cloth costs 1 man-hourlyard in England. wine costs 2 man-hours/bottle and cloth costs 6 man-hours/yard in Portugal. O wine costs 4/3 man-hours/bottle and cloth costs 4 man-hours/yard in England. wine costs 3/2 man-hour/bottle and cloth costs 3/2 man-hourlyard in England. O wine costs 1/2 yards/bottie and cloth costs 2 bottles/yard in Portugal.
QUESTION 6 PRODUCTION AND CONSUMPTION (TRADE) POSSIBILITIES FRONTIERS Portugal England 90 90 80 70 80 70 60 60 CPF 50 50 40 30 40 30 CPF PPF PPF 20 10 20 10 0 10 20 30 40 50 60 0 10 20 30 40 50 60 cloth cloth 06. If Portugal has a total of 120 man-hours of resources available for production, while England has only 90, what are the resource costs of wine and cloth? O wine costs 1 man-hour/bottle and cloth costs 1 man-hourlyard in England. wine costs 2 man-hours/bottle and cloth costs 6 man-hours/yard in Portugal. O wine costs 4/3 man-hours/bottle and cloth costs 4 man-hours/yard in England. wine costs 3/2 man-hour/bottle and cloth costs 3/2 man-hourlyard in England. O wine costs 1/2 yards/bottie and cloth costs 2 bottles/yard in Portugal.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter33: International Trade
Section: Chapter Questions
Problem 6SCQ: Table 33.15 shows how the average costs of production for semiconductors (the chips In computer...
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