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

  Describing global ethics

Write down ethical and socially responsible issues which might be implied in global perspective?

  Cross-cultural dilemmashow do mncs deal with confusion

cross-cultural dilemmashow do mncs deal with confusion about cross-cultural dilemmas? what are moral universalism the

  How a mentor and orientation can assist career development

How a Mentor and Orientation can Assist Career Development - Propose three ways that a mentor and a new employee orientation can assist employees with their career development.

  Manger of a crew that installs carpets

Problem 1:  The manger of a crew that installs carpets has tracked the crew's output over the past several weeks, and the data are as follows:

  Question regarding the information systems management

Provide a description of an organization you are familiar with (possibly a company you have worked for in the past or are currently working for) and describe briefly what services they contribute.

  Create a list of three best practices recruiters

Create a list of three best practices recruiters should use when screening potential candidates for a HR management position. Justify your selections.Create a new best practice for HR management based on the information that you learned in this cours..

  Discuss at least three manifestations of corporate culture

Discuss at least three (3) manifestations of corporate culture. Which one formally defines a company's culture? Why?Discuss the two (2) main change processes of corporate culture. Which of these change processes supports organizational growth the mos..

  Porter five forces model

a) Evaluate the operating industry of General Mills using a minimum of two forces included within Porter's Five Forces model.

  Discuss the main purposes of general business reports

List some things to consider when planning and writing an email and explain the "tone" that is appropriate when writing to different business associates and clients - Discuss the main purposes of general business reports. Why are they useful? When..

  Operations service managmentshow the five distinctive

operations service managmentshow the five distinctive service characteristics as they relate to high end auto

  Explain about human capital

Show how and why strategic entrepreneurs create value while at the same time earn above-average returns and gain competitive advantage over their competitors.

  Diagnosing poor performance problems

Discuss how you would go about diagnosing poor performance problems. List several factors to consider.

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!

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