Information for questions 14-20 There are two countries, Hom…

Questions

Infоrmаtiоn fоr questions 14-20 There аre two countries, Home аnd Foreign. Labor is the only factor of production. There are two goods, X and Y. The following table shows the output of each good per hour of labor, in the two countries. Home has 100 units of labor, Foreign has 500 units of labor.   Home Foreign Good X 1 4 Good Y 3 24 Putting quantity of good X on the horizontal axis, and quantity of good Y on the vertical axis, calculate the horizontal intercept of the Foreign Production Possibilities Curve. Enter a whole or decimal number, as appropriate. Enter 0 if the answer cannot be obtained with the information given. Only exact answer accepted. 

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