User Account

All Pages

Econ production possibility frontier

Assignment Help Business Management
Reference no: EM131110526

ECON Production Possibility Frontier

Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product. Brazil CAN produce 100,000 units of clothing per year and 50,000 cans of soda. The United States CAN produce 65,000 units of clothing per year and 250,000 cans of soda. Assume that costs remain constant. For this example, assume that the production possibility frontier (PPF) is a straight line for each country because no other data points are available or provided. Include a PPF graph for each country in your paper.

Complete the following:

  • What would be the production possibility frontiers for Brazil and the United States?
  • Without trade, the United States produces AND CONSUMES 32,500 units of clothing and 125,000 cans of soda.
  • Without trade, Brazil produces AND CONSUMES 50,000 units of clothing and 25,000 cans of soda.
  • Denote these points on each COUNTRY's production possibility frontier.
  • Using what you have learned and any independent research you may conduct, which product should each country specialize in, and why?

Additional questions to consider include:

  • What is the labor-intensive good?
  • What is the Marginal Rate of Transformation impact?
  • What is the labor-abundant country?
  • What is the capital-abundant country?
  • Could trade help reduce poverty in Brazil and other developing countries?

Reference no: EM131110526

Questions Cloud

Create a data flow diagram of some system : This is our first Case/Assignment. I want each student to create a data flow diagram of some system. You can use a real world example or a hypothetical one.
Prepare an amortization schedule that would be suitable : Prepare an amortization schedule that would be suitable for the lessee for the lease term.
What does it mean to say that individuals : What does it mean to say that individuals as a group are net suppliers of funds for financial institutions? What do you think the consequences might be in financial markets if individuals consumed more of their incomes and thereby reduced the supply ..
What benefit results from the tax deductibility : What benefit results from the tax deductibility of certain corporate expenses?
Econ production possibility frontier : Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product. Brazil CAN produce 100,000 units of clothing per year and 50,000 cans of soda.
How does the tax treatment of dividend income : How does the tax treatment of dividend income by the corporation moderate the effects of double taxation?
Describe the tax treatment of ordinary income : Describe the tax treatment of ordinary income and that of capital gains. What is the difference between the average tax rate and the marginal tax rate?
Contains the consumer price index : Assume that McDuff prevails in his negligence and/or strict liability lawsuits. In determining the amount of damages he may recover for loss of earnings consider the following: McDuff's medical condition is such that he is unable to ever work agai..
What different aspects of financial markets do the security : What different aspects of financial markets do the Securities Act of 1933 and the Securities Exchange Act of 1934 regulate?

Reviews

Write a Review

Business Management Questions & Answers

  Potential adverse effects

Examine the extent to which the two (2) similar companies you researched have addressed the key issues you selected. Hypothesize two (2) potential positive outcomes for each company if each addresses the key issues in question and two (2) pote..

  Determine the advertising mix for a new product

A marketing manager is trying to determine the advertising mix for a new product. Three types of ads are being considered: radio, TV and newspaper. The firm's ad agency has provided the following data:

  Describe the tools used by public relations professionals

Describe the tools used by public relations professionals and Is public relations free promotion for a company

  List the four actors in our model economy

(1) List the four actors in our model economy. (2) List the variables that enter the household's budget constraint. (3) List the variables that enter the national accounting identity. (4) Describe the firm's decision process.

  Effects of the great recession to the united auto

effects of the great recession to the united auto workersdiscuss the effect of the great recession on the united auto

  Elucidate the internet effects on planning

Elucidate the Internet's effects on planning by Explain how it influences 1)the motivation for planning, 2) the process for planning, also 3) the outcomes of planning. be sure to give complete explanations of each effects, using examples in your d..

  Is the strategic direction established by steve ells

Is the strategic direction established by Steve Ells is good for Chipotle today?

  Evaluate capital budgeting projects

In 250 words, discuss how a project's risk can be incorporated into capital budgeting analysis. Should discounted cash flows be used to evaluate capital budgeting projects?

  Gender perception in nonverbal communication

you will explore the role of nonverbal communication in interactions between genders.

  Explain should macy''s continue its excellent gift wrapping

Explain Should Macy's continue its excellent gift wrapping program and is a counterbiasing statement.

  Explain how does eharmony define its market segment

Explain how does eHarmony define its market segment? Illustrate what strategy or strategies does eHarmony use to target one particular segment?

  Relationships between types of learning evaluations

Learning Evaluations - Describe the relationships between types of learning evaluations

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd