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With one unit of production (a mixture of land, labor, capital, and technology) China can produce 20 TVs or 16 tons of iron-ore, whereas, Australia
With one unit of production (a mixture of land, labor, capital, and technology) China can produce 20 TVs or 16 tons of iron-ore, whereas, Australia can produce 12 TVs or 24 tons of iron-ore. Each country dedicates a total of 1000 units of production for TVs and iron-ore. If China and Australia each dedicate 400 units of production to TVs and 600 units of production to iron-ore, what is the total amount of TVS and iron-ore that will be produced?
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