Find the equilibrium relative price of passenger cars

Assignment Help International Economics

Reference no: EM13232880

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: EM13232880

Questions Cloud

Changed phone number setting and want it back where it was : I accidentally changed the phone number setting and want it back to where it was. Is there a simple way to restore this setting

Explain catalyzes the decomposition of hydrogen peroxide : The enzyme catalase catalyzes the decomposition of hydrogen peroxide. The following data are obtained regarding the rate of reaction as a function of substrate concentration.

Find what is the resulting equilibrium price and quantity : The widget Industry in Anytown is a monopoly, controlled by Widget Corp. Its demand curve for the local market is given by P = 800 - 20 W Where W represents the number of widgets sold per period. The total cost function (including opportunity or impl..

Find out the rate law expression and the value of rate : The following data were obtained on the rate of lactose decomposition as a function of acid and lactose concentration. Using this information, determine the rate law expression and the value of rate constant for the acid-based hydrolysis of lactos..

Find the equilibrium relative price of passenger cars : 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.

Compute deltag at 298k if the reaction mixture consists : Calculate deltaG at 298K if the reaction mixture consists of 7.4 atm of H2, 0.056 atm of P4, and 0.29 atm of PH3. Reaction is 6H2(g)+P4(g)-->4PH3(g).

Write a program that reads from the external file : write a program that reads from the external file input.txt, counts the letters in every word , replaces the word by that number and then writes the numbers to an external file output.txt (note: do not forget to copy the blanks

Find growth rate of money and growth rate of nominal gdp : If the velocity of circulation is growing at one percent a year, the real interest rate is two percent a year, the nominal interest rate is seven percent a year, and the growth rate of real GDP is three percent a year

Describe the rna world and luca : Describe RNA World and how might ittransition to LUCA and how did you from LUCA to prokaryotes, How do bacterial ultimately originate starting from anytime

User Account

All Pages