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The countries of Minitown and Singsville each produce two goods: Dishwashers and Airplanes. The table below lists the opportunity costs associated with producing each
The countries of Minitown and Singsville each produce two goods: Dishwashers and Airplanes. The table below lists the opportunity costs associated with producing each good, for each country. Country Opportunity cost of producing 1 Dishwashers Opportunity cost of producing 1 Airplanes Minitown Singsville 4 Airplanes 0.5 Airplanes 0.25 Dishwashers 2 Dishwashers Currently, Minitown does not trade with Singsville, and on its own produces 15 Dishwashers and 40 Airplanes. On their own, Singsville produces 50 Dishwashers and 25 Airplanes. Calculate total world supply: Dishwashers: 65 Airplanes: 65 If Minitown decided to change its production of Dishwashers by -3, calculate the change in the production of Airplanes:
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