:. MachOS-FinalExam-Winb X Integral Calculator - With' X Course List ~ Lyryx Learni X Principles of Microeconon X Lab 12 (Question 1) ~ Lyry X i Thank you for your Steam C' Q laecon1.lyryx.com/student-servlets/LabServlet?ccid=3619 r Apps Question 1 [30 points] Two Canadian workers, Marc and Mary, can each produce computers or apples. Marc can produce either 50 pounds of apples or 1 computer per month. Mary can produce either 160 pounds of apples or 1 computer per month. Note: Please be sure to be as accurate as possible and to round your answers to two decimal places. When plotting lines on the graph. select which line you want to plot from the drop down menu at the top of the graph. a) Plot Canada's production possibilities curve by plotting at least 3 points on the curve. Select which item you want to graph from the drop down menu at the top of the graph to manipulate that item. v Consumption at World Price of 1 computer for 80 pounds of apples Apples (pounds) M 8 160 '33 b) How much of each good is produced if each worker specializes according to comparative advantage? ] MachOS-FinalExam-Winb X Integral Calculator - With' X Course List ~ Lyryx Learni X Principles of Microeconon X Lab 12 (Question 1) ~ Lyry X i Thank you for your Steam C' i Iaecon1.iyryx.com/student-servlets/LabServlet?ccid=3619 r Apps b) How much of each good is produced if each worker specializes according to comparative advantage? Computers = O Apples = 0 Answer 0) - e) assuming that world prices are such that 1 computer trades for 80 pounds of apples on international markets. c) If Canada is open to trade, show Canada's consumption possibilities on the graph above by plotting at least 2 points on the curve. Select which item you want to graph from the drop down menu at the top of the graph to manipulate that item. d) What is the most of each good that Canadians can consume when the economy is open? Computers = 0 Apples = 0 e) How much more can Canadians consume when the economy is open as opposed to when it is closed? Computers = 0 Apples = 0 Answer f) - h) assuming that world prices are such that 1 computer trades for 175 pounds of apples on international markets. f) If Canada is open to trade, show Canada's consumption possibilities on the graph above by plotting at least 2 points on the curve, Select which item you want to graph from the drop down menu at the top of the graph to manipulate that item. 9) What is the most of each good that Canadians can consume when the economy is open? Computers = O Apples = 0 h) How much more can Canadians consume when the economy is open as opposed to when it is closed? Computers = 0 Apples = 0 Ofcial Time: 17:02:43 SUBMIT AND MARK SAVE AND CLOSE