Answer to Question #252664 in Microeconomics for Eb1997

Question

Suppose that in one single day with all available resources the U.S. can produces 500 units of Steel

or 250 units of Lumber and that Mexico can produce 300 units of Steel or 100 units of Lumber.

1. Transform the given into a table showing two different combinations of Steel and Lumber

for Mexico and for U.S.

Answer 1

Steel's toughness and endurance, notably when appropriately powder blasted, not only offers a sturdy and lasting base but is also very flexible. The wooden elements add to the visual attractiveness by allowing for bigger railings, brighter, more realistic hues, and a juxtaposition that results in stunning external railing structures. One of the challenges in the past, albeit far from intractable, was the need for numerous transactions to get this appearance. In conjunction with the varnish and powdery fur operator, this sort of design frequently necessitates hiring a wood business, a steel welder, and a trim artisan.

           Various divisions were formerly entirely independent on particular projects, and this divide is becoming increasingly rare. Consequently, we were equipped to construct and powder-coated steel steps and handrails, with our artisans finishing the job with the finishing wooden elements. These are not your standard wooden and iron baseboard trim configurations, where metal balusters are placed into a wood rail and base shoe, but instead wholly manufactured steel stair constructions and railing components with lumber post, handrail, and sub rails.