The diagram below shows the (hypothetical) demand and supply curves for regional jets in Canada.Assume that the market is competitive,all jets are identical,and that Canada engages in international trade. 
FIGURE 32-6
-Refer to Figure 32-6.Assume the world price of a regional jet is $20 million.How many jets are not produced in Canada that would have been if Canada did not engage in international trade?
Definitions:
Irrelevant
Pertains to information or factors that do not influence or impact a decision-making process.
Split-off Point
The stage in a production process where joint products are identifiable or separable into individual products.
Avoidable Cost
An expense that can be eliminated if a particular decision is made, not incurred if a specific activity is discontinued.
Fixed Production Cost
The portion of total production costs that does not change with the level of output, including costs such as rent, salaries, and insurance.
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