Please compete the packet of 10 pages attached.

Part 1
1.
Production possibility curve
2.
Opportunity cost of producing combination A to B = 60/50 = 1.2
3.
Opportunity cost of producing combination C to B = 50/42 = 1.1
4.
A combination that lies below the production possibility curve is said to inefficient allocation.
5.
Combination A is efficient, because it lies on the PPC.
6.
Decrease demand for chips would lead to surplus of chips production, so cliffordstan should produce at point B in order to efficiently allocate the resources.
Part2.
7.
Opportunity cost of ecoland from producing combination A to B= 16/20 = 0.8
8.
Opportunity cost of ecoland from producing combination E to D = 8/4 = 2
9.
Due to resource constraint ecoland cannot produce 3 robots and 10 drones at the same time.
10.
In long run this combination of production would lead to surplus in supply of Robots and Shortage in supply of drones.
Part3:
11. Ecoland represents the idea of increasing opportunity cost .It has downward sloping ppc

Part 1:
1. Cliffordland has absolute advantage in cars.
2. Opportunity cost of producing one car in cliffordland = 10/10 = 1
3. Opportunity cost of producing one truck in Econberg = 4/8 = 0.5
4. Opportunity cost of producing one truck in cliffordland = 10/10 = 1
Econberg has comparative advantage in producing truck.
5. Opportunity cost of producing one car in Econberg = 8/4 =2
Opportunity cost of producing one car in cliffordland = 10/10 = 1
cliffordland has comparative advantage in producing car.
6. Ecoland will import cars, because it has no comparative advatange in producing car.
7. Yes it would be an advantageous for cliffordland.
8. Yes it would be an advantageous for Econberg.
9. Econberg will increase the production trucks by imports cars.
Part 2:
10. Neverland has an absolute advantage in producing cookies.
11. Opportunity cost Table:
    Country
    Cookies
    Milk
    Opportunity cost of cookies
    Opportunity cost of Milk
     
    Atlantis
    2
    1
    0.5
    2
     
    Neverland
    4
    1
    0.25
    4
     
Atlantis has comparative advantage in producing Milk and Neverland has comparative advantage in producing Cookies.Because both countries has low opportunity cost in their respective goods.
12.
Atlantis should produce milk, because it has comparative advantage in producing it.
13.
The terms of trade would be Atlantis should produce 3 milk and export 1 milk to Neverland and Neverland should produce 5 cookies and export 1 cookies to atlantis.
Part 1
1.
It is a output problem. It describes units produce per hour.
2.
Angus opportunity cost of producing 1 burrito = 30/5 =6.
3.
Brian’s opportunity cost of producing 1 taco = 4/16 =0.25
4.
Angus opportunity cost of producing 1 taco = 5/30 =0.16
5.
Brian’s opportunity cost of producing 1 Burritos = 16/4 =4.
6.
Angus has absolute advantage in producing tacos.
7.
Angus has absolute advantage in producing Burritos.
8.
Angus has comparative advantage in producing taco.
9.
Brian’s...