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Freedonia, a developing country in the middle of the Atlantic Ocean, is considering opening up its markets to trade. Freedonia is not a member of
Freedonia, a developing country in the middle of the Atlantic Ocean, is considering opening up its markets to trade. Freedonia is not a member of the WTO and has historically been opposed to foreign trade. Freedonia is completely self-sufficient and its two largest industries are in leather shoes and televisions. It takes Freedonia 2 hours to make one pair of leather shoes and 25 hours to make one television. Marketopia, another developing country in the middle of the Atlantic Ocean, also has shoe and television industries. Marketopia can produce one pair of leather shoes in 4 hours and one television in 10 hours. Presently, Freedonia chooses to produce 200 pairs of shoes and 24 televisions per 1,000 hours and Marketopia chooses to produce 150 pairs of shoes and 40 televisions per 1,000 hours. Between the two, a total of 350 pairs of shoes and 64 televisions are produced. Question 1 (4 points) If Freedonia chose to dedicate all 1,000 hours to the production of shoes, it would produce 500 pairs. How many televisions would Freedonia produce if it instead chose to dedicate all 1,000 hours to that product? Paragraph
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