What would b export in david ricardos world

Assignment Help Econometrics

Reference no: EM13223440

Country A has 1200 units of labor and can produce two goods, manufactures and food. A producers take 1 units of labor to produce one unit of manufactures and 3 units to produce one unit of food. Country B has 2100 units of labor and takes 3 units of labor to produce one unit of manufactures and 7 units to produce one unit of food. At what price of food in terms of manufactures would A and B respectively supply manufactures? What would B export in David Ricardos world? What is the amount B could supply?

Reference no: EM13223440

Questions Cloud

How does the subsidy affect the total number of miles run : Suppose the Government decides to subsidize exercise by $2 for every mile (Q) consumers run at a health club that charges by the mile. The current demand for running is Q=12-2p. The supply of miles available by the track owners is S=2p.

Explain atmosphere composed exclusively of the unknown : A flask is filled with vapor by boiling a volatile unknown liquid in the foil covered flask. As it boils away, the vapor of the unknown pushes the air out of the flask through a tiny pinhole opening and eventually the flask is filled with an atmos..

How much firm will produce in a perfectly competitive market : A firm in a perfectly competitive market will produce 0 output in the short run if the price in below $20 but will produce if the price is above $20. The smallest quantity they will produce in the short run is 6. The minimum of ATC is $447.75

Explain the flask is filled with an atmosphere composed : A flask is filled with vapor by boiling a volatile unknown liquid in the flask. As it boils away, the vapor of the unknown pushes the air out of the flask through a tiny pinhole opening and eventually the flask is filled with an atmosphere compose..

What would b export in david ricardos world : Country A has 1200 units of labor and can produce two goods, manufactures and food. A producers take 1 units of labor to produce one unit of manufactures and 3 units to produce one unit of food. Country B has 2100 units of labor and takes 3 units ..

Process of change used by your case organisation : Review critically the process of change used by your case organisation and demonstrate you understanding of different change strategies through reviewing the case; identifying an alternative model, applying and evaluating it.

Explain a zinc oxide-chromium oxide catalyst : A 2.0 L-reaction flask initially contains 0.04 mol CO, 0.23 mol H2, and 0.60 mol CH3OH (methanol). If this mixture is brought in contact with a zinc oxide-chromium(III) oxide catalyst, the equilibrium shown below is attained.

How much would be demanded if the sugar were free : The Demand for sugar in Canada in terms of it's price, P, was once estimated to be QD = 135 - 8P. If this equation were valid today, calculate the following: (a) How much would be demanded at P = 10 b) How much would be demanded if the sugar were fre..

Explain find the mass of nahco in the mixture : A mixture of Na_2CO_3 and NaHCO_3 has a mass of 81.5 . It is dissolved in 1.00 of water and the pH is found to be 9.92. Find the mass of NaHCO_3 in the mixture?

User Account

All Pages