- Fer To The Interactive Below Comparative Advantage Malaysia Canada Graph Malaysia Lumber 280 A 35 140 Lumber 100 C 1 (27.52 KiB) Viewed 40 times
- Fer To The Interactive Below Comparative Advantage Malaysia Canada Graph Malaysia Lumber 280 A 35 140 Lumber 100 C 2 (29.77 KiB) Viewed 40 times
- Fer To The Interactive Below Comparative Advantage Malaysia Canada Graph Malaysia Lumber 280 A 35 140 Lumber 100 C 3 (36.21 KiB) Viewed 40 times
fer to the interactive below: Comparative Advantage Malaysia & Canada GRAPH MALAYSIA Lumber 280 A (35, 140) Lumber 100 CANADA B (150, 50) Each Combin
SETTINGS Production Possibilities Malaysia Canada Malaysia (Pt. A) Canada (Pt. B) Labor Production Possibilities for Malaysia Lumber (0-320 ft³) 280 100 Lumber (0-100%) 50 50 or or Rice (0-320 tons) 70 300 Rice (%) 50 50 Rice Reset CALCULATIONS Malaysia Canada Total Production Possibilities for Canada Initial Production. Rice 35 150 185 Lumber 140 50 190 New Production Lumber 140 50 190 Rice 35 150 185 R
Instructions: Manipulate numbers in the Settings window as needed to answer the following questions. You may find it helpful to click "combined" above the graph window to view each country's production on a single graph. Suppose Malaysia's production possibilities include a maximum of 120 units of rice or 300 units of lumber, and Canada's production possibilities include a maximum of 300 units of rice or 100 units of lumber. Then suppose each country initially allocates 50% of its labor to producing each product. a) Total production by the two countries equals [ tons of rice and [ ft3 of lumber. and b) Now suppose that Malaysia increases the labor it allocates to lumber by 10%. Its lumber production rises by [ its rice production falls by c) If Canada reallocates its labor to increase its rice production by exactly the amount that Malaysia's rice production fell, by how much must its lumber production fall? ft.³ d) State the combined effects on total production of the reallocations in part b and c. Total production of rice changes by Total production of lumber changes by tons. (include a negative sign, if needed) ft3. (include a negative sign, if needed)