Use the information in the table on labor productivities

Assignment Help Other Subject

Reference no: EM13289077

Use the information in the table on labor productivities in France and Germany to answer the following

question

Output per Hour Worked

France: cheese is 1 kilogram, cars is 0.25 car

Germany: cheese is 2 kilograms, cars is 2 cars

a. Which country has an absolute advantage in cheese? In cars?

b. What is the relative price of cheese in France if it does not trade? In Germany, if it does not trade?

c. What is opportunity cost of cheese in France? In Germany?

d. Which country has a comparative advantage in cheese? In cars? Show how you know.

e. What are the upper and lower bounds for the trade price of cheese?

Report Abuse

Reference no: EM13289077

Questions Cloud

Corridos and rancheras deal with theme of land or loss : How do both corridos and rancheras deal with theme of land or loss? How are they thematically and stylistically different? What are the Africanisms found in popular music in the Americans (especially african-american music and afro-cuban music)?

Similar between althea gibson and venus williams : What are the key elements that are similar between Althea Gibson and Venus Williams? Please compare and contrast these two African American athletes.

Neurons originating in the hypothalamus : Which of the following would not be stimulated by neurons originating in the hypothalamus?

Highlighting differences peak power-velocity at peak power : Sketch a graph that illustrates how knee extension power relates to knee extension velocity for an elite 100m sprinter. Label the axes and include units, but do not concern yourself with axes values.

Use the information in the table on labor productivities : Which country has an absolute advantage in cheese? In cars? What is the relative price of cheese in France if it does not trade? In Germany, if it does not trade? What is opportunity cost of cheese in France? In Germany?

Auscultate abnormal heart sound : Where do you think would be the best place to auscultate abnormal heart sound?

Creating gui design for interfaces : When it comes to creating GUI design for interfaces, describe the various controls one may be able to use for designing a GUI interface. Describe at least 10 different controls that can be used and what their typical function as input can be utili..

The occupational safety and health administration : The Occupational Safety and Health Administration has set the limit on the maximum percentage of carbon dioxide (CO2) in air a worker can breathe at 0.500% by mole.

Derive an equation to calculate the visbreaking conversion : A coil visbreaker operates at 500°C for 1 min. Assume that visbreaking follows an apparent first-order kinetics with no significant volume change. An apparent Arrhenius activation energy for the visbreaking reaction is given as 50 kcal/mol.

User Account

All Pages