We appreciate your visit to A factory produced 96 493 kg of rubber in 1981 and 91 172 kg in 1988 1 In which year was more rubber produced 2. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
In 1981, the factory produced 5,321 more kilograms of rubber than in 1988. Malaysia has the absolute advantage in rubber production, while Japan has the comparative advantage in radio production based on opportunity costs.
More rubber was produced in the year 1981 since the factory produced 96,493 kg, compared to 91,172 kg in the year 1988. To determine how many more kilograms were produced in 1981, you subtract the amount of rubber produced in 1988 from the amount produced in 1981:
96,493 kg (1981 production) - 91,172 kg (1988 production) = 5,321 kg
So, 5,321 more kilograms of rubber were produced in 1981.
Concerning the information about production capabilities in Japan and Malaysia, Malaysia has the absolute advantage in the production of rubber since one worker can produce 10 tons there, compared to 5 tons in Japan. When calculating the opportunity cost of producing 80 additional radios, we find that in Japan, one worker must forego making 5 tons of rubber to make 80 radios, which makes the opportunity cost 5 tons/80 radios or 0.0625 tons per radio. In Malaysia, the opportunity cost is 10 tons of rubber for 40 radios, equating to 0.25 tons per radio. Therefore, Japan has a comparative advantage in the production of radios.
Thanks for taking the time to read A factory produced 96 493 kg of rubber in 1981 and 91 172 kg in 1988 1 In which year was more rubber produced 2. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada