The questions are in the picture
Use the Fallawing information for questions #1 through #4. Suppose an economy has 3 workers: Chip Dean, and Hana These warkers can either put their time toward making ham burgers or making pizzas Assume the amount of production each person can achieve per hour is given by the table below: Ham burgers per hour Pezz: per hour with 0 (with 0 pezz: made) ham burgers made) Chip 2 Dean 4 Hans This information on each individual should be sufficient to find paints an the production possibility curve for this scanamy as a whale This invokes calculating what would happen as resources are shifted from one teck to another 1. Imagine all 3 people are going to do nothing but make ham burgers How many ham burgers could they produce each hour loam bined, assuming no one spends time making pizzas? 2a To find another cam bination an the PPC, imagine they wish to give up some of this ham burger production per hour in order to also make same pezz: Imoving along the PPC) and therefore decide one of the warkers should instead specialize in pieza production rather than ham burgers Which one of the 3 people would be the most efficient person to switch away from ham burger production and into pizza production? IKeep in mind the most efficient person to specialize in pezas is not necessarily the person that can make the most, but the one that gives the best tradeoff in terms of pizza added relative to the amount of ham burgers last as they stop working on ham burgers) 2b With 2 people still making ham burgers and the person in the previous question switching to pezes, how many ham burgers and pezes per hour will be produced in total 3. To find yet another cam bination an the PPC, imagine another person is now switched fram ham burgers to pizza production Given that one person has already switched their time to making pizza who would this secand most efficient pieza producer be? What is the new total cam bination of ham burgers and pizzas that would be produce? 4. Given your output cam binations solved above and any other im partant production amounts roughly graph the single PPC Far this 3 person ecanamy Try to make your PPC's general shape fit your answers carre the Use the Fallawing information for questions #5 through # 9 Suppose Fruitapia and Rabatland can produce either Apples or Toasters Assume each country can produce the following maximum amounts each day and that each country has a linear PPC Apples with a Tameters with a Tamasters Apple Fruitapis Rabatland 10 15 5. I Fruitapia wishes to produce anly For itself loutarky) suppose it will make 3 apples Producing at a paint on its PPC, how many toasters could they produce? Graph Fruitapis's PPC and show this autarky paint 5. IF Rabatland wishes to produce only for itself lostark ) suppose it will make d apples Producing at a paint on its PPC, how many toasters could they produce? Graph Rabatland's PPC and show this sutarky paint 7. Now assume each economy has decided to instead trade with each other and each specializes in their cam parative advantage Calculating all the necessary appartunity casts (show your work, find each ecanamy's cam parative advantage 3. Given each country specialees only in the good in which they have cam parative advantage state an apple for toaster trade which would cause bath scanam ies to reach a cam bination of good: that would be preferred to their original outarky paints How much of each good would these economies have after this trade? 9. How suppose that Fruitapia discovers a ground breaking technology which drastically improves its ability to produce toasters Fruitapis's PPC now include: 9 apples (with 0 tasters) and 18 tasters with 0 apples Will each ecanamy's cam parative advantage change? Show your work
