QUESTION 2 Background information: A worker in the United States and a worker in China can each produce 1,000 pairs of jeans per week. A worker in the United States can produce 50 cell phones in a week, and a worker in China can produce 100 cell phones in a week. Answer the following questions based on this information. Part A: If each country attempted to produce both jeans and cell phones, how many jeans and cell phones could each country produce? What would be the total number of jeans and cell phones produced by the two countries combined? (Show your work.) If each country attempts to produce both products, one worker would be able to create 50% of their output. Therefore, the United States can produce 500 pairs of jeans and 25 cell phones, and China will produce 500 pairs of jeans and 50 cell phones. The total number of jeans will be 1,000, and the total number of cell phones will be 75. Part B: Calculate the opportunity cost of producing jeans for each country. (Show your work.) Opportunity cost of jeans = # of cell phones / # of jeans Opportunity cost for US = 50/1000 = 1/20 Opportunity cost for China = 100/1000 = 1/10 Part C: Calculate the opportunity cost of producing cell phones for each country. (Show your work.) Opportunity cost of cell phones = # of jeans / # of cell phones Opportunity cost for US = 1000/50 = 20 Opportunity cost for China = 1000/100 = 10