Hours needed to make 1 Quantity produced in 2400 hours Car Airplane Car Airplane
Japan 30 150 80 16
Korea 50 150 48 16

Without trade, Japan produced and consumed 50 cars and 6 airplanes and Korea produced and consumed 27 cars and 7 airplanes. Then, each country agreed to specialize in the production of the good in which it has a comparative advantage and trade 28 cars for 8 airplanes. As a result, Japan gained.

a. 0 cars and 2 airplanes and Korea gained 1 car and 1 airplane.
b. 2 cars and 2 airplanes and Korea gained 1 car and 1 airplane.
c. 28 cars and 8 airplanes and Korea gained 28 cars and 8 airplanes.
d. 52 cars and 8 airplanes and Korea gained 28 cars and 8 airplanes.

b. 2 cars and 2 airplanes and Korea gained 1 car and 1 airplane.

Explanation:

           hours needed        units produced in 2,400 hours

            Car Airplane         Car Airplane

Japan      30 150                   80 16

Korea      50 150                   48 16

without trade, Japan consumes 50 cars and 6 airplanes

without trade, Korea consumes 27 cars and 7 airplanes

Japan's opportunity cost to produce 1 plane = 150 / 30 = 5 cars

Japan's opportunity cost to produce 1 car = 30 / 150 = 0.2 planes

Korea's opportunity cost to produce 1 plane = 150 / 50 = 3 cars

Korea's opportunity cost to produce 1 car = 50 / 150 = 0.33 planes

Japan will produce 80 cars and Korea 16 airplanes

after trade

Japan will receive 8 airplanes in exchange for 28 cars:

it will have 8 airplanes and 52 cars

Korean will receive 28 cars in exchange for 8 airplanes:

it will have 8 airplanes and 28 cars

i believe the correct answer is cost benefit analysis (cba). plz check first good

explanation:

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.