What would a export in adam smiths world

Reference no: EM13199684

Country A has 26400 units of labor and can produce 2 goods, manufactures and food. A's producers take 2 units of labor to produce one unit of manufactures and 5 units to produce one unit of food. Country B has 35000 units of labor and takes 7 units of labor to produce one unit of manufactures and 5 units to produce one unit of food. What is the price of manufactures in terms of food at which A and B would respectively supply manufactures? What would A export in Adam Smith's world? What is the amount it could supply?

Reference no: EM13199684

Questions Cloud

How does a firm then maximize the total revenue : Describe the relationship of the demand curve and total revenue curve, indicating which of the four types of market structures market power like this would occur (i.e., perfect competition, monopolistic competition, oligopoly, monopoly).

What would the benefits of each action be : As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following questions: What two policies could you use to reduce the total amount of emissions Why do you think they each w..

Risk tolerance and factors in setting risk tolerance : Define risk tolerance and factors in setting risk tolerance and define limitations in risk tolerance and potential outcomes.

Explain the statement export its way out of trouble : An article in Business Week warned of the dangers of deflation as the collapse of numerous Asian economies was creating worries that Asia might try to “ export its way out of trouble”.

What would a export in adam smiths world : Country B has 35000 units of labor and takes 7 units of labor to produce one unit of manufactures and 5 units to produce one unit of food. What is the price of manufactures in terms of food at which A and B would respectively supply manufactures.

Weighted average cost of capital for ctrl : Calculate the weighted average cost of capital for CTRL using the market valuation approach.

State the two-sample test for equality of proportions : Find the test statistic and do the two-sample test for equality of proportions. Is the decision close?

What will happen if ibm revised its outlook for the yen : Using cash flow analysis determine the best currency option in which IBM should invest. Be sure to show your complete calculations of the annual return on each investment at the end of the three-year term.

The economy''s natural rate of unemployment : These schedules reflect the fact that, prior to the period we're examining, decisions makers entered into contracts and made choices anticipating that the price level would be P105.

User Account

All Pages