Question 1(can I have the working out for this question) Using a Leontief framew

Question

Question 1(can I have the working out for this question)

Using a Leontief framework, the manufacturing of Electric generators (E) takes 5 units of capital (K) and 2 units of labor (L). The manufacturing of footwear (F) takes 2 unit of K and 2 units of L. If the supply of K is 100 and the supply of L is 70 then the full-employment outputs for E and F respectively are:

A. QE = 20; QF = 25

B. QE = 10; QF = 50

C. QE = 10; QF = 25

D. QE = 90; QF = 30

Question 2:

Let the making of a cellphone be broken up to three tasks in a descending order of skill-intensity: Making the chip and other internal components (Task 3), making the external casing (Task 2) and assembly (Task 1). If each of the Tasks uses skilled and unskilled labor in fixed proportions, then the vertex of the isoquants graphed with skilled labor on the vertical axis and unskilled labor on the horizontal axis will be such that

A. The one for Task 1 higher than Task 2 and the one for Task 2 higher than the one for Task 3

B. Will have the same height

C. Task 3 will be higher than Task 2, and Task 2 higher than Task 1 always along a vertical line

D. The one for Task 1 lower than Task 2 and the one for Task 2 lower than the one for Task 3

Explanation / Answer

Answer:

2.

D. The one for Task 1 lower than Task 2 and the one for Task 2 lower than the one for Task 3 .

1.

C.QE=10;QF=25.

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