Question 2 (b,c,d). Comparative Advantage [Ch.3] 111 counlry A, 20 workers cam'are able to produce a at screen TV and 10 workers can produce a laplop computer in one day. In country B, l5 workers can produce a flat screen TV and 1'3 workers are able lo produce a laptop computer. Each country has 120 workers available each day. Question 5 {0.2 points) b. Which country has an absolute advantage in flat screen TV manufacture? [:3 Both of them have the absolute advantage in Flat screen TV production. [:3 Country B has the absolute advantage in Flat screen TV production. Q} Country A has the absolute advantage in Flat screen TV production. [3 None of them has the absolute advantage in Flat screen TV production. Question 6 {0.2 points) c. Which country has a comparative advantage in flat screen TV manufacture? [:3 Country A has the comparative advantage in Flat screen TV production. C} None of them has the comparative advantage in Flat screen TV production. C) Country B has the comparative advantage in Flat screen TV production. Q} Both of them have the comparative advantage in Flat screen TV production. Question 3 (c). Market Demand Curve [Ch.4] Imagine Sue's demand curve for shoes is Q=8-2P and Jackie's demand curve is Q=12-2P. The market supply curve for shoes is given by Q=4P-8. Question 8 (1 point) c. What is the market demand function for shoes if Jackie and Sue are the only consumers of shoes in this market? Q = 12 - 2P for P>4 and Q = 20 - 4P for P 6 and Q = 20 - 4P for P 6 and Q = 20 - 4P for P 6 Q = 20 - 4P Q = 12 - 2P for P 4 Q = 12 - 2P for P6Question 7 (0.6 points) d. Imagine the countries trade with each other. What is the range of possible flat screen TV prices (in terms of laptop computers)? Answer: The price should be greater than equal to [Blank 1]_____ computer(s) and less than equal to [Blank 2] --_ computer(s). Note) Do Not Include Anything Other Than Numbers In Your Responses. For Example, Do Not Include Comma Or Units In Your Numbers. If your answer is a fraction, use the / symbol and reduce the fraction if possible. For example, if your answer is 20/15, reduce it to 4/3.Do Not Include Anything Other Than Numbers In Your Responses. For Example, Do Not Include Comma Or Dollar Sign In Your Numbers. If your answer is a whole number, write it that way. For example, write 5 rather than 5.0. Blank # 1 Blank # 2