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International rate of exchange

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Reference no: EM133129155

Given the following illustration of comparative advantage;

Production

KENYA

UGANDA

Wheat, Kgs per man/ hour

7

1

Cloth, meters per man/ hour

5

2

Compute the gains in man hours and physical units of wheat for each country when International Rate of Exchange are as follows;

  1. 7W for 10C
  2. 6W for 8C
  3. 7W for 14C
  4. 10W for 5C
  5. 4W for 6C

Reference no: EM133129155

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