Two Canadian workers, Cedric and Sarah, can each produce computers or coffee. Cedric can produce either 140 kg of coffee or 1 computer per month. Sarah can produce either 60 kg of coffee or 1 computer per month.

Two Canadian workers, Cedric and Sarah, can each produce computers or coffee. Cedric can produce either 140 kg of coffee or 1 computer per month. Sarah can produce either 60 kg of coffee or 1 computer per month. Note: Please be sure to be as accurate as possible and to round your answers to two decimal places. When plotting lines on the graph, select which line you want to plot from the drop down menu at the top of the graph. a) Plot Canada's production possibilities curve by plotting at least 3 points on the curve. Select which item you want to graph from the drop down menu at the top of the graph to manipulate that item. v Canada's Production Possibilities Curve b) How much of each good is produced if each worker specializes according to comparative advantage? b) How much of each good is produced if each worker specializes according to comparative advantage? Computers - Coffe ' Answer c) - e) assuming that world prices are such that 1 computer trades for 70 kg of coffee on international markets. c) If Canada is open to trade, show Canada's consumption possibilities on the graph above by plotting at least 2 points on the curve. Select which item you want to graph from the drop down menu at the top of the graph to manipulate that item. d) What is the most of each good that Canadians can consume when the economy is open? Computers Coffe 8) How much more can Canadians consume when the economy is open as opposed to when it is closed? Computers Coffee . Answer f) - h) assuming that world prices are such that 1 computer trades for 150 kg of coffee on international markets. f) If Canada is open to trade, show Canada's consumption possibilities on the graph above by plotting at least 2 points on the curve. Select which item you want to graph from the drop down menu at the top of the graph to manipulate that item. 9) What is the most of each good that Canadians can consume when the economy is open? Compute ' Coffe h) How much more can Canadians consume when the economy is open as opposed to when it is closed? Compute Coffe v Canada's Production Possibilities Curve r anada's Production Possibilities Curve ' Consumption at World Price of 1 computer for 70 kg of coffee Consumption at World Price of 1 computer for 150 kg of coffee