Reference: Ref 8-4 120 60 240 200 120 60 240 200 120 Figure: The Production Poss

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Reference: Ref 8-4 120 60 240 200 120 60 240 200 120 Figure: The Production Possibility Frontiers for Jackson and Tahoe (Figure: The Production Possibility Frontiers for Jackson and Tahoe) Look at the figure The Production Possibility Frontiers for Jackson and Tahoe. In autarky, Jackson produces and consumes 30 head of cattle and 80 bushels of wheat, while Tahoe produces and consumes 80 head of cattle and 60 bushels of wheat. Assume each nation specializes completely, based on comparative advantage, and the price of 1 head of cattle equals 2 bushels of wheat. If Jackson exports 120 bushels of wheat to Tahoe, Tahoe will export head of cattle to Jackson.

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b_)

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