07 Question (4 points) Germany and Vietnam both produce cars and cell phones. The table below lists production possibilities per worker in each country (e. g. one worker in
Germany produces 15 cars or 30 cell phones). .
P
labor force
cars
Microsoft
PowerPoint
200
15
Germany
Vietnam
cell phones
30
20
200
20
х
Microsoft Excel
V
1st attempt
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Part 1 (2 points)
2021
Assume that Germany and Vietnam produce their own cars and cell phones, and they allocate half their labor force to the production of
each
Screen Shot
21-02...0.16 PM
a. What will Germany produce?
b. What will Vietnam produce?
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021-02..0.22 PM
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Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

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