The Combined graph shows a dotted line that represents the combined production possibilities for the two countries. How must each country allocate its labor so that the red point, showing total production, is on the bend of this combined production possibilities function? Malaysia must allocate % of its labor to lumber production. Canada must allocate % of its labor to lumber production.

Question

29-08-2022
Business

contestada

The Combined graph shows a dotted line that represents the combined production possibilities for the two countries. How must each country allocate its labor so that the red point, showing total production, is on the bend of this combined production possibilities function? Malaysia must allocate % of its labor to lumber production. Canada must allocate % of its labor to lumber production.

Respuesta :

Otras preguntas

What is 5.618 rounded to the nearest whole number?

At an icecream parlor, ice cream cones cost $1.10 and sundaes cost $2.35. One day, the receipts for a total of 172 cones and sundaes were $294.20. How many cone

Tom has a collection of 30 CDs and Nita has a collection of 18 CDs. Tom is adding 1 CD a month to his collection while Nita is adding 5 CDs a month to her colle

which demographic group is correctly matched with its issue

If h(x)=-2x-10, find h(-4)

CAN SOMEONE JUST HELP ME PLEASE :) Massive resistance of White Citizens councils The "Little Rock Nine" students enter a white public school FOR EACH OF ABOVE ^

Which military action led to the start of World War I? Germany’s invasion of France Russia’s invasion of Germany Austria-Hungary’s invasion of Serbia Italy’s in

how did the indirect system of voting fot president through electors inadvertly help women gain partial suffrage in several states?

Français 4ème S'il vous plaît vous pouvez m'aider pour ces exercices : 2)_Quelles relations les nouvelles littéraires entretiennent-elles avec la presse au XIXe

. George worked 52 hours last week. In his job, any hour past 40 hours is considered overtime. His overtime pay is 1.5 times his hourly rate, which is $22.50. W

ACCESS MORE

Tundexi Tundexi · Answer 1 · 2022-08-31T18:19:52+02:00

Malaysia must allocate -1.65 % of its labor to lumber production while Canada must allocate -1.3 % of its labor to lumber production. This is because Malaysia can produce lumber at a lower opportunity cost and each country's production possibilities curve is linear.

What is a production possibilities curve?

It refers to the economic model that shows the maximum combinations of goods and services or any two categories of goods that can be produced from a fixed amount of resources.

The model of Production Possibilities Curve are used to show the tradeoffs associated with allocating resources between the production of two goods. It can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, contractions as well.

In conclusion, the importance of production possibilities curve is that it helped demonstrate the maximum possible output of goods given a set amount of resources.

Read more about production possibilities curve

brainly.com/question/26761151

#SPJ1