Business
Business, 11.04.2020 00:13, joanasprinkman2262

Suppose that Costa Rican worker Carlos can produce either 140 pounds of coffee or 1 computer per week, and a second worker, Maria, can produce either 300 pounds of coffee or 1 computer per week. Both Carlos and Maria work 50 weeks per year. A third worker, Pedro, joins the Costa Rican economy. Pedro can produce either 200 pounds of coffee or 1 computer per week. Like the other two workers, Pedro works 50 weeks per year. Instructions: Enter all values as absolute numbers. a. Carlos' opportunity cost of producing a computer is pounds of coffee, Maria's opportunity cost of producing a computer is pounds of coffee, and Pedro's opportunity cost of producing a computer is pounds of coffee. If all three workers completely specialize in the production of one good, then together they can produce either computers or pounds of coffee per year. If the workers instead specialize according to their respective comparative advantage, and with one worker producing computers while the other two produces coffee, together they can produce computers and pounds of coffee per year. If two workers produce computers while only one produces coffee, together they can produce computers and pounds of coffee per year. b. Assume that world prices are such that 1 computer trades for 250 pounds of coffee on international markets and that Costa Rica is open to trade. If computers can either be produced domestically or imported from abroad in exchanged for Costa Rican coffee, then the maximum number computers that the three workers can consume is . To obtain this number of computers, Carlos will produce (Click to select) computers neither coffee or computers coffee both coffee and computers , Maria will produce (Click to select) neither coffee or computers both coffee and computers coffee computers , and Pedro will produce (Click to select) coffee both coffee and computers computers neither coffee or computers .If coffee can either be produced domestically or imported from abroad in exchanged for Costa Rican computers, then the maximum amount of coffee that the three workers can consume is pounds. To obtain this amount of coffee, Carlos will produce (Click to select) coffee both coffee and computers neither coffee or computers computers , Maria will produce (Click to select) coffee both coffee and computers computers neither coffee or computers , and Pedro will produce (Click to select) both coffee and computers coffee computers neither coffee or computers .c. Assume instead that world prices are such that 1 computer trades for 350 pounds of coffee on international markets and Costa Rica is open to trade. If computers can either be produced domestically or imported from abroad in exchanged for Costa Rican coffee, then the maximum number computers that Carlos, Maria and Pedro can consume is . To obtain this number of computers, Carlos will produce (Click to select) coffee computers neither coffee or computers both coffee and computers , Maria will produce (Click to select) neither coffee or computers both coffee and computers computers coffee , and Pedro will produce (Click to select) both coffee and computers computers coffee neither coffee or computers .If coffee can either be produced domestically or imported from abroad in exchanged for Costa Rican computers, then the maximum amount of coffee that Carlos, Maria and Pedro can consume is pounds. To obtain this amount of coffee, Carlos will produce (Click to select) coffee computers neither coffee or computers both coffee and computers , Maria will produce (Click to select) neither coffee or computers coffee both coffee and computers computers , and Pedro will produce (Click to select) neither coffee or computers coffee both coffee and computers computers .

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