Login - Georgia Hig... - MindTap - Cengage.. G Google CENGAGE | MINDTAP Numbers and Graphs: Production Possibilities Frontier Framework (Ch 02) 9. Working with Numbers and Graphs Q9 The following table summarizes the combinations of goods X and Y that two individuals, Nicki and Kamal, can each produce individually. Nicki Kamal X Y X 150 0 200 75 37.5 100 10 75 20 If each person specializes in the production of the good for which they have the comparative advantage, then would specialize in the production of good Y, and would specialize in the production of good X. (Hint: Calculate the opportunity cost of producing X and Y for each individual.) Suppose that Kamal and Nicki each specializes in the production of the good in which each has a comparative advantage. Fill in the top row of the following table to indicate Kamal's and Nicki's output of each good.CENGAGE | MINDTAP Numbers and Graphs: Production Possibilities Frontier Framework (Ch 02) Fill in the top row of the following table to Indicate Kamal's and Nicki's output of each good, Nicki Kamal X X Y Before Trade, with Specialization After Trade After specialization, suppose the two agree on a price of 7 units of good X for each unit of good Y. When the two individuals make the trade, they exchange 140 units of good X for 20 units of good Y. Recall that the individual who has specialized in the production of X would trade 140 units of good X and receive 20 units of good Y, while the individual who specialized in the production of good Y would trade 20 units of good Y and receive 140 units of good X. In the previous table, fill in the second row to indicate the amounts of good X and good Y each individual has after the trade. The following graphs plot Nicki's production possibilities frontier (PPF) in purple and Kamal's PPF in blue, respectively. Using the second row of the previous table, plot Nicki's new combination of X and Y with the grey point (star symbol). earch O 9 a W 86 FNumbers and Graphs: Production Possibilities Frontier Framework (Ch 02) Using the second row of the previous table, plot Nicki's new combination of X and Y with the grey point (star symbol). Tools Nicki 81 72 Nicki after Trade 63 54 as of 45 27 18 Nicki's PPF 30 120 150 210 240 270 300 X .html A to search 9 a Co WNumbers and Graphs: Production Possibilities Frontier Framework (Ch 02) Using the second row of the previous table, plot Kamal's new combination of X and Y with the tan point (dash symbol). Kamal 50 45 Kamal after Trade 40 35 30 25 Kamal's PPF 20 15 5 24 48 72 120 144 108 102 216 240 X24 48 72 08 120 144 168 102 216 240 True or False: Both individuals can now consume a combination of X and Y that was previously unattainable. True False Grade It Now arch 9 a hp