Please show complete solution. Thanks!
The table below shows the production possibilities for Canada and Japan. Suppose that, prior to
specialization and trade, both Canada and Japan are producing combination C. a) Draw the
production possibilities curve for Canada in the graph A, and indicate its present output position.
Draw the production possibilities curve for Japan in graph B, and indicate its present output
position. Plot only the endpoints of each curve in the graphing areas using the appropriate tool.
Plot the output combination in each graph using the Point tool.Quantity of wheat per
periodQuantity of wheat per periodb) Suppose that the two countries specialize and trade on the
basis of 1 DVD player =1 unit of wheat. Draw the corresponding trading possibilities curves in
graph A and graph B above. Plot only the endpoints of each curve in the graphing areas using the
appropriate tool. c) After trade, if Canada still wishes to have 90 bushels of wheat, how many more
DVDs could it have? d) Show the new combination in graph A above. Use the Point tool in graph A
above to plot the new combination. e) If Japan still wishes to have 45 DVDs, how much more
bushels of wheat could it have? f) Show the new combination in graph B above. Use the Point tool
in graph B above to plot the new combination..
Please show complete solution Thanks The table below sho.pdf
1. Please show complete solution. Thanks!
The table below shows the production possibilities for Canada and Japan. Suppose that, prior to
specialization and trade, both Canada and Japan are producing combination C. a) Draw the
production possibilities curve for Canada in the graph A, and indicate its present output position.
Draw the production possibilities curve for Japan in graph B, and indicate its present output
position. Plot only the endpoints of each curve in the graphing areas using the appropriate tool.
Plot the output combination in each graph using the Point tool.Quantity of wheat per
periodQuantity of wheat per periodb) Suppose that the two countries specialize and trade on the
basis of 1 DVD player =1 unit of wheat. Draw the corresponding trading possibilities curves in
graph A and graph B above. Plot only the endpoints of each curve in the graphing areas using the
appropriate tool. c) After trade, if Canada still wishes to have 90 bushels of wheat, how many more
DVDs could it have? d) Show the new combination in graph A above. Use the Point tool in graph A
above to plot the new combination. e) If Japan still wishes to have 45 DVDs, how much more
bushels of wheat could it have? f) Show the new combination in graph B above. Use the Point tool
in graph B above to plot the new combination.
