Determine whether the two inequalities above are consistent

Reference no: EM13214440

US Output: 100 units Labor: 20 workers Wages: $3 Exports:$90 UK Output: 50 units Labor: 20 workers Wages:$2 Exports: $45

1.) Compare the relative productivity with the wage ratio

2.) Then calculate the ratio of the two exports.

3.) Determine whether the two inequalities above are consistent.

Reference no: EM13214440

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