Answer to Question #67482 in Microeconomics for Thi Thanh Thao Nguyen

Question #67482
Two Canadian workers, Adam and Karina, can each produce stoves or coffee. Adam can produce either 50 kg of coffee or 1 stove per month. Karina can produce either 160 kg of coffee or 1 stove per month. Note: Please be sure to be as accurate as possible and to round your answers to two decimal places. a) Plot Canada's production possibilities curve by plotting at least 3 points on the curve. Vertical (Coffee): 0-40-80-120-... Horizontal (Stoves): 0-0.5-1-... b) How much of each good is produced if each worker specializes according to comparative advantage? Stoves = ? Coffee = ?
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Expert's answer
2017-04-20T11:59:05-0400
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