(Solved): Lumber MALAYSIA Lumber CANADA Production Possibilites Instructions: Manipulate numbers in the Set ...

Lumber MALAYSIA Lumber CANADA Production Possibilites Instructions: Manipulate numbers in the Settings window as needed to answer the following questions. You may find it helpful to click "combined" above the graph window to view each country's production on a single graph. Suppose Malaysia's production possibilities include a maximum of 160 units of rice or 240 units of lumber, and Canada's production possibilities include a maximum of 160 units of rice or 80 units of lumber. Then suppose each country initially allocates \( 50 \% \) of its labor to producing each product. a) Total production by the two countries equals tons of rice and \( \mathrm{ft}^{3} \) of lumber. b) Now suppose that Malaysia increases the labor it allocates to lumber by \( 10 \% \). Its lumber production rises by and its rice production falls by c) If Canada reallocates its labor to increase its rice production by exactly the amount that Malaysia's rice production fell, by how much must its lumber production fall? \( \quad \mathrm{ft}^{3} \) d) State the combined effects on total production of the reallocations in part \( b \) and \( c \). Total production of rice changes by tons. (include a negative sign, if needed) Total production of lumber changes by \( \mathrm{ft}^{3} \). (include a negative sign, if needed)