Authors libby rittenberg 115
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3. What is the opportunity cost of producing T-shirts in
Germany?
4. What is the opportunity cost of producing T-shirts in
Turkey?
5. What is the opportunity cost of producing optical
instruments in Germany?
6. What is the opportunity cost of producing optical
instruments in Turkey?
7. In which good does Germany have a comparative
advantage?
8. In which good does Turkey have a comparative advantage?
5. The nation of Leisureland can produce two goods, bicycles and
bowling balls. The western region of Leisureland can, if it
devotes all its resources to bicycle production, produce 100
bicycles per month. Alternatively, it could devote all its
resources to bowling balls and produce 400 per month—or it
could produce any combination of bicycles and bowling balls
lying on a straight line between these two extremes.
1. Draw a production possibilities curve for western
Leisureland (with bicycles on the vertical axis).
2. What it is the opportunity cost of producing an additional
bowling ball measured in terms of forgone bicycles in
western Leisureland?
3. Suppose that eastern Leisureland can, if it devotes all its
resources to the production of bicycles, produce 400. If it
devotes all its resources to bowling ball production,
though, it can produce only 100. Draw the production
Attributed to Libby Rittenberg and Timothy Tregarthen
Saylor URL: />
Saylor.org
115
