Table 131 Shows the Production Possibilities Curves for Augustus and Nero

question 15

Essay

Table 13.1 shows the production possibilities curves for Augustus and Nero. Prior to specialization and trade, Augustus is producing combination B, and Nero is producing combination
D.
Table 13.1
$\begin{array}{l}\text { Augustus's Production Possibilities }\\\begin{array}{|l|l|l|l|l|l|}\hline \text { Product } & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } \\\hline \text { Apples } & 8 & 6 & 4 & 2 & 0 \\\hline \text { Oranges } & 0 & 2 & 4 & 6 & 8 \\\hline\end{array}\end{array}$

$\begin{array}{l}\text { Nero's Production Possibilities }\\\begin{array}{|l|c|c|c|c|c|}\hline \text { Product } & \text { A } & \text { B } & \text { C } & \text { D } & \text { E } \\\hline \text { Apples } & 12 & 9 & 6 & 3 & 0 \\\hline \text { Oranges } & 0 & 1 & 2 & 3 & 4 \\\hline\end{array}\end{array}$
a) What is the total output of the two countries for both products?
b) If each country were to specialize in the product in which it has a comparative advantage, what will be the total output of the two countries for both products?
c) What will be the gain from trade?

Grasp the basic principles of symbolic interaction and how humans modify the interpretations of symbols through interactions.

Analyze social interactions and personal behavior through the lens of Erving Goffman's dramaturgy.

Understand the organismic and interactional models of engaging emotions within social and cultural rules.

Recognize the role of emotion in symbolic interactionism and its importance in shaping the self and social reality.

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