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Poland #1 Chocolate (lbs.) #2 Cider (gallons) 

          Poland
#1
Chocolate (lbs.)
#2
Cider (gallons)
Poland #1 Chocolate (lbs.) #2 Cider (gallons)

Added by Jessica L.

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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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Suppose Poland and Brazil can produce both chocolate and cider. If Poland produces all chocolate, and no cider, it can produce 210 pounds of chocolate. If Poland produces all cider and no chocolate, it can produce 75 gallons of cider. If Brazil produces all chocolate and no cider, it can produce 180 pounds of chocolate. If Brazil produces all cider, and no chocolate, it can produce 60 gallons of cider. This is reflected in the table below: Production Chart for Poland and Brazil able[[,Poland,Brazil],[chocolate,210,180],[cider,75,60]] • Poland Complete Questions 1-7 using this information. Suppose Poland and Brazil can produce both chocolate and cider. If Poland produces all chocolate, and no cider, it can produce 210 pounds of chocolate. If Poland produces all cider and no chocolate, it can produce 75 gallons of cider. If Brazil produces all chocolate and no cider, it can produce 180 pounds of chocolate. If Brazil produces all cider, and no chocolate, Poland #1 Chocolate (Ibs.) #2 Cider (gallons)
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Transcript

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00:01 So here we're talking production possibilities, right? and we have two production possibility schedules for we have ireland.
00:08 I don't know why i'm mixing up the colors.
00:11 We're reversing them today, apparently.
00:13 And scotland.
00:14 And we have potatoes.
00:18 And i'm actually just going to call them p and s.
00:23 Um, potatoes, sausage, potatoes, sausage.
00:27 I hope they get some vegetables somewhere.
00:29 And we have zero 61 21 82 40 300.
00:38 We have one 51 20 90 60 30 and zero.
00:46 We then have zero 80.
00:49 Oh, sorry.
00:50 Not my best 80 there.
00:51 80 1 60 2 40 3 20 400.
00:58 And we have 250 200 1 50 1 50 and zero.
01:05 Great.
01:06 Sorry about that.
01:06 So a, um, a we maximize potatoes, right? so here to maximize potatoes, we say ireland produces the maximum potatoes...
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