Below is the data for the maximum production of the only two products for the countries...

 

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Below is the data for the maximum production of the only two products for the countries of Oz and Zas. 26 food units 40 equipment units 52 food units or 26 equipment units 021 Zas: a. If each country is self-sufficient, with no trade between them, and each uses one-half of their resources to produce each of the two products, what is the output in each country. Fill in the table below. Country Oz Zas Output of food Output of equipment units units b. Based on part (a), total production of food is units and total production of equipment is units. c. If, instead, each country specializes and produces only the product that it can produce best, what will be the output in each country? Fill in the table below. Country OF Zas Output of food Output of equipment units units d. Now, based on part (c), total production of food is e. The gains as a result of specialization are units and total production of equipment is units. more units of equipment produced. more units of food produced and Below is the data for the maximum production of the only two products for the countries of Oz and Zas. 26 food units 40 equipment units 52 food units or 26 equipment units 021 Zas: a. If each country is self-sufficient, with no trade between them, and each uses one-half of their resources to produce each of the two products, what is the output in each country. Fill in the table below. Country Oz Zas Output of food Output of equipment units units b. Based on part (a), total production of food is units and total production of equipment is units. c. If, instead, each country specializes and produces only the product that it can produce best, what will be the output in each country? Fill in the table below. Country OF Zas Output of food Output of equipment units units d. Now, based on part (c), total production of food is e. The gains as a result of specialization are units and total production of equipment is units. more units of equipment produced. more units of food produced and

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a If each country is selfsufficient and uses onehalf of their resources to produce each of the two p... View the full answer