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I need help on these 9 microeconomics questions: Use the following information to answer the next questions. In country A, 20 workers can/are able to
I need help on these 9 microeconomics questions:
Use the following information to answer the next questions. In country A, 20 workers can/are able to produce a at screen TV and 5 workers can produce a laptop computer in one day. In country B, 10 workers can produce a at screen TV and 5 workers are able to produce a laptop computer. Each country has 100 workers available each day. Question 1 (0.1 points) a. Sketch the PPF of each country for one day's worth of production/manufacture. Prepare a separate graph for each country. In your graphs measure at screen TVs on the horizontal axis and laptop computers on the vertical axis. Carefully label each graph with the respective country's name. Label the horizontal and vertical axis as well. Add a File Record Audio Record Video Question 2 (0.1 points) Question 4 b. c. b. Which country has an absolute advantage in at screen TV manufacture? c. Which country has an absolute advantage in manufacturing laptop computers? 0 Country A has an absolute advantage in at screen TV manufacture; Country B has an absolute advantage in manufacturing laptop computers. 0 Country B has an absolute advantage in at screen TV manufacture; Country A has an absolute advantage in manufacturing laptop computers. 0 Country A has an absolute advantage in both goods. 0 Country B has an absolute advantage in both goods. 0 Country B has an absolute advantage in at screen TV manufacture; neither country has an absolute advantage in manufacturing laptop computers. Question 3 (0.1 points) d. What is the opportunity cost of manufacturing a at screen TV in country A? The opportunity cost of producing a Flat screen TV in country A is: computers. Round off your answer to two decimal places. :] Question 4 (0.1 points) e. What is the opportunity cost of manufacturing a at screen TV in country B? Answer: computers. Round off your answer to two decimal places. :1 Question 5 (0.1 points) f. What is the opportunity cost of manufacturing a laptop computer in country A? Answer: at screen TVs Round off your answer to two decimal places. :1 Question 6 (0.1 points) g. What is the opportunity cost of manufacturing a laptop computer in country B? Answer: at screen TVs Round off your answer to two decimal places. :] Question 7 (0.1 points) h and i) h. Which country has a comparative advantage in at screen TV manufacture? i. Which country has a comparative advantage in manufacturing laptop computers? 0 Country A has a comparative advantage in at screen TV manufacture and Country B has a comparative advantage in manufacturing laptop computers. 0 Country B has a comparative advantage in at screen TV manufacture and Country A has a comparative advantage in manufacturing laptop computers. 0 Country A has a comparative advantage in producing both goods. 0 Country B has a comparative advantage in producing both goods. 0 Neither country has a comparative advantage in producing computers. 0 Neither country has a comparative advantage in producing at screen TVs. Question 8 (0.1 points) j. Imagine the countries trade with each other. What is the range of possible at screen TV prices (in terms of laptop computers)? The price won't be less than [Blank 1] computers and it won't be greater than [Blank 2] computers. Round off your answer to the nearest integg Blank # 2 Question 9 (0.2 points) k. Sketch the combined PPF of these two countries in a graph with laptop computers measured on the vertical axis and at screen TVs measured on the horizontal axis. Add a File Record Audio Record VideoStep by Step Solution
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