Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Suppose in Malaysia a worker can produce either 8 Computers or 1 TVs. While in Indonesia a...

Suppose in Malaysia a worker can produce either 8 Computers or 1 TVs. While in Indonesia a worker can produce either 8 Computers or 2 TVs. 1. Complete table 1: Cross the right box (X) to indicate

Suppose in Malaysia a worker can produce either 8 Computers or 1 TVs. While in Indonesia a worker can produce either 8 Computers or 2 TVs. 1. Complete table 1: Cross the right box (X) to indicate which country has an absolute advantage in computers production and /or TVs production (0.5 Mark) Malaysia Indonesia Computers ITV Table 1 2. Complete table 2 (2 Marks) Opportunity cost of Malaysia)ndonesia 1 unit of Computers (Provide a value show your work) 1 TV (Provide a value show your work)
Opportunity cost of Malaysia Indonesia 1 unit of Computers (Provide a value show your work) 1 TV (Provide a value show your work) Which country has a comparative advantage in Computers production x in the right box) Which country has a comparative advantage in TV production x in the right box) Table 2 3. Suppose each country has 1,000 workers. Currently, each country devotes 50% of its labour force to computer production and 50% to TV's production. What is the output of Computers and TVs for each country and what is the total output of Computers and TVs between the two countries? (1Marks) Computers TV Malaysia Indonesia Total
4. Suppose each country specializes in the production of the good in which it has a comparative advantage. The terms of trade are established at 4 units of Computers for 1 TV, complete the two following tables. (3.5 Marks) TVS Malaysia Computers Production 8,000 Units of Computers Exports 2,000 Units of Computers Imports Consumes ndonesia TVs Computers Production 2,000 TVs Exports Imports Consumes


Suppose in Malaysia a worker can produce either 8 Computers or 1 TVs. While in Indonesia a worker can produce either 8 Comput
Opportunity cost of Malaysia Indonesia 1 unit of Computers (Provide a value show your work) 1 TV (Provide a value show your w
4. Suppose each country specializes in the production of the good in which it has a comparative advantage. The terms of trade

Jun 03 2021 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions