00:01
The question asks, before the trade, how many hoverboards were produced collectively between the two countries? before i can answer this question, i need to quickly write out the table for these questions.
00:18
Now that we have the table, we can finally answer the question.
00:21
So below, we see that woodrock produces 80 hoverboards, and stoneacre produces 60 hoverboards.
00:28
So before the trade, there are 140 hoverboards.
00:32
So that's the answer to number one.
00:34
Now let's move on to number two.
00:38
Before the trade, how many electronic tablets were being produced collectively between the two countries? the question, as we see in the table, there is woodrock produces 80 tablets and stoneacre produces 270 tablets, which means the answer to this question is 350 tablets.
00:57
Let's move on to number three.
01:01
Number three asks if the two countries decided to trade, how many hoverboards would be produced overall? so before i answer this question, we must look at both the opportunity costs of woodrock and stoneacre.
01:16
So woodrock should specialize in producing electronic tablets because the opportunity cost of producing one hoverboard equals four electronic tablets...