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QUESTION 11 Suppose in the scenario that the two companies don't engage in trade, each company produces the same amount of paper and printers, That

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QUESTION 11 Suppose in the scenario that the two companies don't engage in trade, each company produces the same amount of paper and printers, That is, if DMP produced \"X" amount of paper, then DMP would also produce "X" amount of printers. How much of each does DMP produce (in a day)? 0 A. 320 Paper, 320 Printers 0 B. 600 Paper, 600 Printers 0 C. 1200 Paper, 1200 Printers 0 D.400 Paper, 400 Printers QUESTION 12 Same as the previous question, but now for MSP: O A. 320 Paper, 320 Printers 0 B. 720 Paper, 720 Printers 0 C. 150 Paper, 150 Printers O D. 180 Paper, 180 Printers QUESTION 13 Now suppose the two are in a state of world where they want to trade. DMP decides to specialize in the production of the good it has a comparative advantage in and MSP wants to specialize in the production of the good it has a comparative advantage in. If we assume that by "specialize", it means that they only produce that good (i.e. if one company specializes in printers, they produce 0 paper). What is the total amount of paper and printers available in this market as a total? 0 A. 1200 Paper, 240 Printers 0 B. 840 Paper, 1920 Printers 0 C. 720 Paper, 600 Printers 0 D. 1920 Paper, 840 Printers QUESTION 14 Which of the following is not true? 0 A. Atrading partner can have an absolute advantage in the production of both goods. 0 B. Atrading partner can have a comparative advantage in the production of one good. 0 C. Atrading partner can have an absolute advantage in the production of no goods. 0 D.Atrading partner can have a comparative advantage in the production of both goods. QUESTION 14 Which of the following is not true? 0 A. Atrading partner can have an absolute advantage in the production of both goods. 0 B. Atrading partner can have a comparative advantage in the production of one good. 0 C. Atrading partner can have an absolute advantage in the production of no goods. 0 D. Atrading partner can have a comparative advantage in the production of both goods. QUESTION 15 Suppose the demand and supply functions are given by the following equations: P= %QD+10 What is the equilibrium price? 0 A. $2 0 B.$12 O C. $5 O D.$9

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