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Short answer graphs, models and figures. Be thorough and complete with your answers; label all graphs Consider the following monthly production functions (per month) for

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Short answer graphs, models and figures. Be thorough and complete with your answers; label all graphs Consider the following monthly production functions (per month) for Australia and Germany: Australia L = 400 Qketchup= 50*L Qnecklace = 90*L Germany L = 200 Qketchup=40*L Qnecklace = 85*L 1. Who wins and who loses in the production scenario listed in the table regarding Australia and Germany? Specifically, identify who benefits in each country) and who loses (in each country). [You should draw a few graphs and be very specific. Completely label your graphs! Think about all the participants/agents do consumers win? Do workers win? Do capital owners win? Be very specific) Short answer graphs, models and figures. Be thorough and complete with your answers; label all graphs Consider the following monthly production functions (per month) for Australia and Germany: Australia L = 400 Qketchup= 50*L Qnecklace = 90*L Germany L = 200 Qketchup=40*L Qnecklace = 85*L 1. Who wins and who loses in the production scenario listed in the table regarding Australia and Germany? Specifically, identify who benefits in each country) and who loses (in each country). [You should draw a few graphs and be very specific. Completely label your graphs! Think about all the participants/agents do consumers win? Do workers win? Do capital owners win? Be very specific)

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