Reference no: EM131376186
Taking into account Heckscher Ohlin assumptions, Two countries East and West produce two goods, X and Y with the following technologies (Leontief production functions):
X=min{2 Lx, 5 Kx}
Y=min{10 Ly, 2Ky}
East has a labor supply of 100 and a capital stock of 300. West country has a labor supply of 150 and a capital stock of 150.
(a) Write down unit labor and capital uses for X and Y, (amount of labor/capital used toproduce 1 unit of X/Y)?
(b) Which country is labor abundant?
(c) Which good does East country has a comparative advantage of producing? Why?
(d) Write down the labor and capital constraints for both East and West
(e) Graph the PPF (production possibility frontier) of each country.
(f) Suppose the autarky price at East is Px/Py = 3. What combination of X and Y will East consume at the autarky? How much capital and how much labor will be allocated in Xsector? How much capital and how much labor will be allocated in Y sector?
(g) Suppose the autarky price in the West country is Px/Py = 6. What combination of Xand Y will West consume at the autarky? How much capital and how much labor will beallocated in X sector? How much capital and how much labor will be allocated in Y sector?
|
What is the npv of her college education
: Either way, she plans to work until the day she turns 63 (she begins college right away). The interest/discount rate is 8%. What is the NPV of her college education? (Note: All cash flows except tuition payments occur at the end of the year.)
|
|
How does nike promote value in their custom tennis shoes
: Marketing is about the creation and exchange of value. The consumer and business user determine what really constitutes value. Marketing and sales personnel facilitate the exchange. marketing follows and is congruent with organizational strateg..
|
|
Sandy springs condominium association
: The Sandy Springs Condominium Association (the "Association") is a not-for-profit association set up to manage the condominium. Owners of condominium units elect the Board of Directors to make the Association's decisions on their behalf.
|
|
Theory of labor supply
: 1. Use the theory of labor supply to discuss what sort of policies firms could implement to reduce the extent to which women specialize in home production. Use an example from your work experience to illustrate. (200 words)
|
|
Heckscher ohlin assumptions
: Taking into account Heckscher Ohlin assumptions, Two countries East and West produce two goods, X and Y with the following technologies (Leontief production functions):
|
|
Describe a place that is special
: describe a place that is special, either in memories or in the present. The place described in response to this prompt should be a location that is very familiar. The writer should bring the reader into the world described by using great detail.
|
|
Determining the production costs
: Here is a chance for each of you to apply what we are learning to your real life. If you are a business owner, a manger in a business, a department head and there are lots of you in the class, you have a budget and you make decisions that effect ..
|
|
Why would a company want to have a cio or cpo and cso
: Why is it important for a company to operate cross-functionally?- Why would a company want to have a CIO, CPO, and CSO?
|
|
Is the text persuasive and why or why not
: Identify the main ideas, and respond using personal insight and evidence from the text regarding the effectiveness of the text in regard to tone and organization. Is the text persuasive and why or why not?
|