Find the equilibrium relative price of passenger cars

Reference no: EM13202535

Suppose the U.S. has 1200 hours of labor. It can produce two goods: passenger cars and personal computers. The unit labor requirement in the production of passenger cars is 1.5 hours and in the production of personal computers is 1 hour. In the absence of trade find the equilibrium relative price of passenger cars in terms of personal computers.

Reference no: EM13202535

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