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Chapter 15 Homework 4 9.09 points Print References 4400iteducation.com Suppose that Costa Rican worker Carlos can produce either 100 pounds of coffee or 1 computer per week, and a second worker Maria, can produce either 150 pounds of coffee or 1 computer per week. Both Carlos and Maria work 50 weeks per year A third worker, Pedro, joins the Costa Rican economy. Pedro can produce either 140 pounds of coffee or 1 computer per week Like the other two workers, Pedro works 50 weeks per year. Instructions: Enter all values as whole numbers. a. Carlos's opportunity cost of producing a computer is Maria's opportunity cost of producing a computer is Pedro's opportunity cost of producing a computer is pounds of coffee. pounds of coffee. pounds of coffee If all three workers completely specialize in the production of one good, then together they can produce enter pounds of coffee or computers per year. If the workers instead specialize according to their respective comparative advantage, and with one worker producing computers while the other two produce coffee, together they can produce pounds of coffee and computers per year If instead two workers produce computers while only one produces coffee, together they can produce computers per year. In the graph below, draw the joint production possibility curve. Instructions: You you need to plot 4 points in the graph based on your answers above Domestic PPC Coffee (pounds per year) 20,000 18,000 16,000 14,000 12,000 10000 Help Tools PPC pounds of coffee and Save & Ext Sebe 4 9.09 points Print References pounds of coffee and If instead two workers produce computers while only one produces coffee, together they can produce [ computers per year. In the graph below, draw the joint production possibility curve. Instructions: You you need to plot 4 points in the graph based on your answers above. Coffee (pounds per year) 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Domestic PPC 20 40 60 80 100 120 140 160 Computers (per year) Tools PPC computers per year pounds of coffee and 4 9.09 points Pri References b. Assume that world prices are such that 1 computer trades for 125 pounds of coffee on international markets and that Costa Rica open to trade. If coffee can either be produced domestically or imported from abroad in exchange for Costa Rican computers, then the maximum amount of coffee that Carlos, Maria and Pedro can consume is pounds Maria will produce To obtain this amount of coffee, Carlos will produce Pedro will produce coffe If computers can either be produced domestically or imported from abroad in exchange for Costa Rican coffee, then the maximum number computers that the three workers can consume is To obtain this number of computers, Carlos will produce computers and Pedro will produce com c. Assume instead that world prices are such that 1 computer trades for 200 pounds of coffee on international markets and Costa Rica is open to trade. To obtain this amount of coffee, Carlos will produce computers Pedro will produce computers If coffee can either be produced domestically or imported from abroad in exchange for Costa Rican computers, then the maximum amount of coffee that Carlos, Maria, and Pedro can consume is pounds. Maria will produce pe B.Maria will produce To obtain this number of computers, Carlos will produce tar and Pedro will produce coffee Dand