Respuesta :
Given the question:
Mountain Mark and Big Lake Bob spend their time carving fishing lures and duck decoys. The table below shows their production possibility schedule, which describes various combinations of fishing lures and duck decoys they each can carve efficiently in a week.
[tex]\begin{center} \begin{tabular} {|c {2.3cm}|c {2.3cm}|c {2.3cm}|c {2.3cm}|} \multicolumn {4} {|c|} {Production Possibility Schedules}\\[1ex] \multicolumn {2} {|c|} {Mountain Mark}&\multicolumn {2} {|c|} {Big Lake Bob}\\[1ex] Fishing Lures&Duck Decoys&Fishing Lures&Duck Decoys\\[1ex] 40&0&100&0\\ 32&10&80&6\\ 24&20&60&12\\ 16&30&40&18\\ 8&40&20&24\\ 0&50&0&30 \end{tabular} \end{center}[/tex]
Part A:
If mountain mack splits his week evenly between carving fishing lures and duck decoys, what is the maximum number of fishing lures and duck decoys he could carve?
From the table it can be seen that in a full week, if mountain mack is carving fishing lures only, he can carve 40 fishing lures. This means that in half of a week, he can carve 20 fishing lures.
Similarly, from the table it can be seen that in a full week, if mountain mack is carving duck decoys only, he can carve 50 duck decoys. This means that in half of a week, he can carve 25 duck decoys.
Therefore, if mountain mack splits his week evenly between carving fishing lures and duck decoys, the maximum number of fishing lures and duck decoys he could carve are 20 fishing lures and 25 duck decoys.
Part B:
If big lake bob splits his week evenly between carving fishing lures and duck decoys, what is the maximum number of fishing lures and duck decoys he could carve?
From the table it can be seen that in a full week, if big lake bob is carving fishing lures only, he can carve 100 fishing lures. This means that in half of a week, he can carve 50 fishing lures.
Similarly, from the table it can be seen that in a full week, if big lake bob is carving duck decoys only, he can carve 30 duck decoys. This means that in half of a week, he can carve 15 duck decoys.
Therefore, if big lake bob splits his week evenly between carving fishing lures and duck decoys, the maximum number of fishing lures and duck decoys he could carve are 50 fishing lures and 15 duck decoys.
Part C:
Combined, how many fishing lures and duck decoys could mountain mack and big lake bob carve if each one split his week between the two products?
Obtained that if mountain mack splits his week evenly between carving fishing lures and duck decoys, the maximum number of fishing lures and duck decoys he could carve are 20 fishing lures and 25 duck decoys and that if big lake bob splits his week evenly between carving fishing lures and duck decoys, the maximum number of fishing lures and duck decoys he could carve are 50 fishing lures and 15 duck decoys.
Thus, combined, mountain mack and big lake bob can carve 20 + 50 = 70 fishing lures and 25 + 15 = 40 duck decoys if each one split his week between the two products.
Therefore, mountain mack and big lake bob can carve 70 fishing lures and 40 duck decoys if each one split his week between the two products.
Part D:
From the table it can be seen that Mountain mack can produce the greatest number of duck decoys when both produce only duck decoys and big lake bob can produce the greatest number of fishing lures when both produce only fishing lures.
Therefore, Big lake bob has the comparative advantage in carving fishing lures and Mountain mack has the comparative advantage in carving duck decoys.
Part E:
Obtained that Mountain mack has the comparative advantage of carving duck decoys, from the table, if Mountain mack produces only duck decoys, he can produce 50 duck decoys.
Also, obtained that Bib lake bob has the comparative advantage of carving fishing lures, from the table, if Big lake bob produces only fishing lures, he can produce 100 fishing lures.
Therefore, if both mountain mack and big lake bob choose to specialize in the product in which he has a comparative advantage, they can produce 100 fishing lures and 50 duck decoys
Mountain Mark and Big Lake Bob spend their time carving fishing lures and duck decoys. The table below shows their production possibility schedule, which describes various combinations of fishing lures and duck decoys they each can carve efficiently in a week.
[tex]\begin{center} \begin{tabular} {|c {2.3cm}|c {2.3cm}|c {2.3cm}|c {2.3cm}|} \multicolumn {4} {|c|} {Production Possibility Schedules}\\[1ex] \multicolumn {2} {|c|} {Mountain Mark}&\multicolumn {2} {|c|} {Big Lake Bob}\\[1ex] Fishing Lures&Duck Decoys&Fishing Lures&Duck Decoys\\[1ex] 40&0&100&0\\ 32&10&80&6\\ 24&20&60&12\\ 16&30&40&18\\ 8&40&20&24\\ 0&50&0&30 \end{tabular} \end{center}[/tex]
Part A:
If mountain mack splits his week evenly between carving fishing lures and duck decoys, what is the maximum number of fishing lures and duck decoys he could carve?
From the table it can be seen that in a full week, if mountain mack is carving fishing lures only, he can carve 40 fishing lures. This means that in half of a week, he can carve 20 fishing lures.
Similarly, from the table it can be seen that in a full week, if mountain mack is carving duck decoys only, he can carve 50 duck decoys. This means that in half of a week, he can carve 25 duck decoys.
Therefore, if mountain mack splits his week evenly between carving fishing lures and duck decoys, the maximum number of fishing lures and duck decoys he could carve are 20 fishing lures and 25 duck decoys.
Part B:
If big lake bob splits his week evenly between carving fishing lures and duck decoys, what is the maximum number of fishing lures and duck decoys he could carve?
From the table it can be seen that in a full week, if big lake bob is carving fishing lures only, he can carve 100 fishing lures. This means that in half of a week, he can carve 50 fishing lures.
Similarly, from the table it can be seen that in a full week, if big lake bob is carving duck decoys only, he can carve 30 duck decoys. This means that in half of a week, he can carve 15 duck decoys.
Therefore, if big lake bob splits his week evenly between carving fishing lures and duck decoys, the maximum number of fishing lures and duck decoys he could carve are 50 fishing lures and 15 duck decoys.
Part C:
Combined, how many fishing lures and duck decoys could mountain mack and big lake bob carve if each one split his week between the two products?
Obtained that if mountain mack splits his week evenly between carving fishing lures and duck decoys, the maximum number of fishing lures and duck decoys he could carve are 20 fishing lures and 25 duck decoys and that if big lake bob splits his week evenly between carving fishing lures and duck decoys, the maximum number of fishing lures and duck decoys he could carve are 50 fishing lures and 15 duck decoys.
Thus, combined, mountain mack and big lake bob can carve 20 + 50 = 70 fishing lures and 25 + 15 = 40 duck decoys if each one split his week between the two products.
Therefore, mountain mack and big lake bob can carve 70 fishing lures and 40 duck decoys if each one split his week between the two products.
Part D:
From the table it can be seen that Mountain mack can produce the greatest number of duck decoys when both produce only duck decoys and big lake bob can produce the greatest number of fishing lures when both produce only fishing lures.
Therefore, Big lake bob has the comparative advantage in carving fishing lures and Mountain mack has the comparative advantage in carving duck decoys.
Part E:
Obtained that Mountain mack has the comparative advantage of carving duck decoys, from the table, if Mountain mack produces only duck decoys, he can produce 50 duck decoys.
Also, obtained that Bib lake bob has the comparative advantage of carving fishing lures, from the table, if Big lake bob produces only fishing lures, he can produce 100 fishing lures.
Therefore, if both mountain mack and big lake bob choose to specialize in the product in which he has a comparative advantage, they can produce 100 fishing lures and 50 duck decoys
