Country a has 1500 units of labor and can produce two goods, mufactures and food. a’s producers take 5 units of labor to produce one unit of manufactures and 6 units to produce one unit of food. country b has 1800 units of labor and takes 3 units of labor to produce one unit of manufactures and 9 units to produce one unit of food. draw the production possibility frontiers for the two countries. draw the world relative supply curve for manufactures. would trade take place in between a and b in adam smith’s world? what good would a export

Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e.g.