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Global Managerial Economics
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Global Managerial Economics (ECON310-1801A-06)
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Home > Global Managerial Economics > Assignment List > Unit 2 – Individual Project
Financial Statement Analysis(FINC225-1801A-09)
Global Managerial Economics(ECON310-1801A-06)
Global Managerial Economics (ECON310-1801A-06)
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- Last Attendance: 2/2/18
- Instructor: Vilma Edginton
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- Duration: 1/2/18 – 2/8/18
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Unit 2 – Individual Project
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Assignment Overview
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Assignment: Unit 2 – Individual Project
Type: Individual Project
Due Date: Wed, 1/17/18
Points Possible: 125
Points Earned: 0
Deliverable Length: 800-1,000 words
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Assignment Overview
Type: Individual Project
Unit: Costs
Due Date: Wed, 1/17/18
Grading Type: Numeric
Points Possible: 125
Points Earned: 0
Deliverable Length: 800-1,000 words
View objectives for this assignment
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Assignment Description
Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product. Brazil can produce 100,000 units of clothing per year and 50,000 cans of soda. The United States can produce 65,000 units of clothing per year and 250,000 cans of soda. Assume that costs remain constant. For this example, assume that the production possibility frontier (PPF) is a straight line for each country because no other data points are available or provided. Include a PPF graph for each country in your paper. Chapter 5 of the Suranovic text is a good reference for this task.
Complete the following:
What would be the production possibility frontiers for Brazil and the United States?
Without trade, the United States produces AND CONSUMES 32,500 units of clothing and 125,000 cans of soda.
Without trade, Brazil produces AND CONSUMES 50,000 units of clothing and 25,000 cans of soda.
Denote these points on each COUNTRY’s production possibility frontier.
Using what you have learned and any independent research you may conduct, which product should each country specialize in, and why?
To assist in your thinking and discussion, additional questions to consider include:
What is the labor-intensive good?
What is the Marginal Rate of Transformation impact?
What is the labor-abundant country?
What is the capital-abundant country?
Could trade help reduce poverty in Brazil and other developing countries?
Please submit your assignment.
For assistance with your assignment, please use your text, Web resources, and all course materials.
Reading Assignment
Suranovic, chapters 4-7; Wikibook Chapters 3
International Economics: Theory and Policy Author: Suranovic; Publisher: Saylor Academy
IB Economics Review Guide Publisher: Wikibooks
ECON310 LibGuide
Assignment Objectives
Analyze short-run and long-run costs.
Use effective communication techniques.
Other Information
There is no additional information to display at this time.
Legend
Extra Credit
View Assignment Rubric
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Assignment Description
Suppose that there are two products: clothing and soda. Both Brazil and the United States produce each product. Brazil can produce 100,000 units of clothing per year and 50,000 cans of soda. The United States can produce 65,000 units of clothing per year and 250,000 cans of soda. Assume that costs remain constant. For this example, assume that the production possibility frontier (PPF) is a straight line for each country because no other data points are available or provided. Include a PPF graph for each country in your paper. Chapter 5 of the Suranovic text is a good reference for this task.
Complete the following:
What would be the production possibility frontiers for Brazil and the United States?
Without trade, the United States produces AND CONSUMES 32,500 units of clothing and 125,000 cans of soda.
Without trade, Brazil produces AND CONSUMES 50,000 units of clothing and 25,000 cans of soda.
Denote these points on each COUNTRY’s production possibility frontier.
Using what you have learned and any independent research you may conduct, which product should each country specialize in, and why?
To assist in your thinking and discussion, additional questions to consider include:
What is the labor-intensive good?
What is the Marginal Rate of Transformation impact?
What is the labor-abundant country?
What is the capital-abundant country?
Could trade help reduce poverty in Brazil and other developing countries?
Please submit your assignment.
For assistance with your assignment, please use your text, Web resources, and all course materials.
Reading Assignment
Suranovic, chapters 4-7; Wikibook Chapters 3
International Economics: Theory and Policy Author: Suranovic; Publisher: Saylor Academy
IB Economics Review Guide Publisher: Wikibooks
ECON310 LibGuide
Assignment Objectives
Analyze short-run and long-run costs.
Use effective communication techniques.
Other Information
There is no additional information to display at this time.
Legend
Extra Credit
View Assignment Rubric
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