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1、會計學1經(jīng)濟學曼昆經(jīng)濟學原理經(jīng)濟學曼昆經(jīng)濟學原理(yunl)第一頁,共15頁。2第1頁/共15頁第二頁,共15頁。3The Production Possibilities Frontier (a)Panel (a) shows the production opportunities available to the farmer and the rancher. 第2頁/共15頁第三頁,共15頁。4The Production Possibilities Frontier (b, c)Panel (b) shows the combinations of meat and potatoes

2、 that the farmer can produce. Panel (c) shows the combinations of meat and potatoes that the rancher can produce. Both production possibilities frontiers are derived assuming that the farmer and rancher each work 8 hours per day. If there is no trade, each persons production possibilities frontier i

3、s also his or her consumption possibilities frontier.(b) The farmers production possibilities frontier(c) The ranchers production possibilities frontierMeat (oz)048Potatoes (oz)1632AIf there is no trade, the farmer chooses this production and consumption.Meat (oz)01224Potatoes (oz)2448BIf there is n

4、o trade, the rancher chooses this production and consumption.第3頁/共15頁第四頁,共15頁。5第4頁/共15頁第五頁,共15頁。6How Trade Expands the Set of Consumption Opportunities (c)The proposed trade between the farmer and the rancher offers each of them a combination of meat and potatoes that would be impossible in the abse

5、nce of trade. In panel (a), the farmer gets to consume at point A* rather than point A. In panel (b), the rancher gets to consume at point B* rather than point B. Trade allows each to consume more meat and more potatoes.第5頁/共15頁第六頁,共15頁。7How Trade Expands the Set of Consumption Opportunities (a, b)T

6、he proposed trade between the farmer and the rancher offers each of them a combination of meat and potatoes that would be impossible in the absence of trade. In panel (a), the farmer gets to consume at point A* rather than point A. In panel (b), the rancher gets to consume at point B* rather than po

7、int B. Trade allows each to consume more meat and more potatoes.(a) The farmers production and consumption(b) The ranchers production and consumptionMeat (oz)048Potatoes (oz)1632AFarmers production and consumption without tradeMeat (oz)01224Potatoes (oz)2448BRanchers production and consumption witho

8、ut tradeFarmers production with trade517A*Farmers consumption with trade13181227B*Ranchers consumption with tradeRanchers production with trade第6頁/共15頁第七頁,共15頁。8第7頁/共15頁第八頁,共15頁。9The Opportunity Cost of Meat and PotatoesWho has a lower opportunity cost (comparative advantage) in producing meat?Who has lower opportunity cost (comparative advantage) in producing potatoes? Who should produce (specialize) only meat? Who should produce only potatoes?第8頁/共15

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