Cashews (thousands of pounds)



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Digital Camera

Wheat (bushels)

China

100 hours

5 hours

South Korea

90 hours

3 hours

Table 3

  1. Refer to Table 3. This table shows the number of labor hours required to produce a digital camera and a bushel of wheat in China and South Korea.

  1. If each country has a total of 9,000 labor hours to devote to the production of the two goods, draw the production possibilities frontier for each country. Put "Digital Camera" on the horizontal axis and "Wheat" on the vertical axis. Be sure to identify the intercept values on your graphs.

  2. Suppose each country allocates 60% its labor hours to wheat production and 40% to the production of digital cameras. Complete Table 4 below to show each country's output of the two products.


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