xyaAplia: Student Question ×\\MindTap . Cengage Lear x e HomelChegg.com https://

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xyaAplia: Student Question ×MindTap . Cengage Lear x e HomelChegg.com https://courses.aplia.com/af/servlet/quiz?quiz action-takeQuiz&quiz probGuid-Q4PLCOA8010100000043a1c6600600008ctx jaehyuklee1-00248c Consider two neighboring island countries called Bellissima and Euphoria. They each have 4 million labor hours available per week that they can use to produce corn, jeans, or a combination of both. The following table shows the amount of corn or jeans that can be produced using 1 hour of labor Corn Jeans (Pairs per hour of labor) 16 20 (Bushels per hour of labor) Country Bellissima Euphoria Initially, suppose Belissima uses 1 million hours of labor per week to produce corn and 3 million hours 3 million hours of labor per week to produce corn and 1 million hours per week to produce jeans. Co of corn and 48 million pairs of jeans, and Euphoria produces 15 million bushels of corn and 20 million pairs of countries willing to trade goods, so, in the absence of trade between these two countries, each country consumes the a produces week to produce corn and 3 million hours per week to produce jeans, while Euphoria uses Bellissima produces 8 million bushels jeans. Assume there are no other mount of corn and jeans it ing 1 bushel of corn isof jeans, and Euphoria's opportunity cost of producing 1 bushel of corn is has a comparative of jeans. Therefore, has a comparative advantage in the production of corn, and advantage in the production of jeans Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. In this case, the country that produces corn will produce million bushels per week, and the country that produces jeans will produce million pairs per week.

Explanation / Answer

I am very sorry. You have uploaded too many parts at same time. As per Chegg guidelines I need to answer only 4 parts but still will answer some more

1 16/8=2

2 20/5=4

3 Euphoria

4 8(4)=32 million

5 20(4)=80 million

6 32-23=9 million

7 80-68=12 million

A

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