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anaunderscoret12
anaunderscoret12
24.06.2019 • 
Mathematics

Increasing opportunity costs exercise 1 ireland and scotland both produce potatoes and sausages. the table below presents their production possibilities schedules. production possibilities schedules ireland scotland potatoes (tons) sausages (tons) potatoes (tons) sausages (tons) 0 150 0 200 100 120 50 160 200 90 100 120 300 60 150 80 400 30 200 40 500 0 250 0 a. if the two countries decided to combine their resources, what is the maximum amount of potatoes the two countries could produce? 1,000 tons 750 tons 500 tons 250 tons b. if the two countries decided to combine their resources, what is the maximum amount of sausages the two countries could produce? 150 tons 750 tons 350 tons 250 tons c. if the two countries specialize and produce the good in which they have a comparative advantage, what is the maximum combination of potatoes and sausages they can produce together? 750 tons of potatoes and 350 tons of sausages 500 tons of potatoes and 200 tons of sausages 250 tons of potatoes and 150 tons of sausages 650 tons of potatoes and 450 tons of sausages d. using the three combined amounts of production, graph the combined production possibilities frontier for ireland and scotland.

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