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3 8.08/9.09 points awarded Scored This window shows your responses and what was marked correct and incorrect from your previous attempt. Suppose that Costa

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3 8.08/9.09 points awarded Scored This window shows your responses and what was marked correct and incorrect from your previous attempt. Suppose that Costa Rican worker Carlos can produce either 140 pounds of coffee or 1 computer per week, and a second worker Maria, can produce either 300 pounds of coffee or 1 computer per week. Both Carlos and Maria work 50 weeks per year Instructions: Enter all values as absolute numbers a. Carlos opportunity cost of producing a computer is 140 pounds of coffee, and Maria's opportunity cost of producing a computer is 300 pounds of coffee. If both workers completely specialize in the production of one good, then together they can produce either 100 22.000 pounds of coffee per year. computers or If both workers instead completely specialize according to their respective comparative advantage, then together they can produce 50 computers and 15,000 pounds of coffee per year. b. Assume that world prices are such that 1 computer trades for 200 pounds of coffee on international markets and that Costa Rica is open to trade. If computers can either be produced domestically or imported from abroad in exchange for Costa Rican coffee, then the maximum To obtain this number of computers, Carlos's will number computers that Carlos and Maria can consume annually is 125 produce computers and Maria will produce coffee If coffee can either be produced domestically or imported from abroad in exchange for Costa Rican computers, then the maximum pounds. To obtain this amount of coffee, Carlos's will amount of coffee that Carlos and Maria can consume annually is 22.000 produce computers and Maria will produce coffee c. Assume instead that world prices are such that 1 computer trades for 110 pounds of coffee on international markets and Costa Rica is open to trade. If computers can either be produced domestically or imported from abroad in exchange for Costa Rican coffee, then the maximum 150 . To obtain this number of computers, Carlos's will number computers that Carlos and Maria can consume annually is produce coffee and Maria will produce coffee pounds. To obtain this amount of coffee, Carlos's wil If coffee can either be produced domestically or imported from abroad in exchange for Costa Rican computers, then the maximum amount of coffee that Carlos and Maria can consume annually is 22,000 produce coffee and Maria will produce coffee

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