Suppose that Costa Rican worker Carlos can produce either 150 pounds of coffee or 1 computer per week, and a second worker, Maria, can produce either 240 pounds of coffee or 1 computer per week. Both Carlos and Maria work 50 weeks per year. A third worker, Pedro, joins the Costa Rican economy. Pedro can produce either 180 pounds of coffee or 1 computer per week. Like the other two workers, Pedro works 50 weeks per year. Instructions: Enter all values as whole numbers. a. Carlos's opportunity cost of producing a computer is pounds of coffee. Maria's opportunity cost of producing a computer is pounds of coffee. Pedro's opportunity cost of producing a computer is pounds of coffee. If all three workers completely specialize in the production of one good, then together they can produce either computers or pounds of coffee per year. If the workers instead specialize according to their respective comparative advantage, and with one worker producing computers while the other two produces coffee, together they can produce computers and pounds of coffee per year. If instead two workers produce computers while only one produces coffee, together they can produce computers and pounds of coffee per year. b. Assume that world prices are such that 1 computer trades for 200 pounds of coffee on international markets and that Costa Rica is open to trade. If computers can either be produced domestically or imported from abroad in exchange for Costa Rican coffee, then the maximum number computers that the three workers can consume is . To obtain this number of computers, Carlos will produce ,MariawillproduceandPedrowillproduce| If coffee can either be produced domestically or imported from abroad in exchange for Costa Rican computers, then the maximum amount of coffee that the three workers can consume is pounds. To obtain this amount of coffee, Carlos will produce , Maria will produce , and Pedro will produce c. Assume instead that world prices are such that 1 computer trades for 250 pounds of coffee on international markets and Costa Rica is open to trade. If computers can either be produced domestically or imported from abroad in exchange for Costa Rican coffee, then the maximum number computers that Carlos, Maria and Pedro can consume is To obtain this number of computers, Carlos will produce , Maria will produce and Pedro will produce If coffee can either be produced domestically or imported from abroad in exchange for Costa Rican computers, then the maximum amount of coffee that Carlos, Maria, and Pedro can consume is pounds. To obtain this amount of coffee, Carlos will produce , Maria will produce , and Pedro will produce
