Calculate the gains from trade, Mathematics

Assignment Help:

Table shows the productivity for the countries Pin and Pang.

2150_Calculate the Gains from Trade.png

1) If the working population of Pin and Pang are both 6 million, divided equally between the two industries in each country, how many machines and bread are currently being produced in Pin and Pang?

2)    If the two countries decide to specialize, in which product does each country have a comparative advantage?

3)     If the two countries were to totally specialize, what would be the resulting  combined totals?

4) What are the gains from trade?


Related Discussions:- Calculate the gains from trade

Coefficients of the equation, If coefficients of the equation ax 2 + bx + ...

If coefficients of the equation ax 2 + bx + c = 0, a ¹ 0 are real and roots of the equation are non-real complex and  a + c (A) 4a + c > 2b (B) 4a + c Please give t

Ratio , 5:9 and 3:5 then find a:b:c

5:9 and 3:5 then find a:b:c?

Addition of unlike terms, In this case, the first point we have to re...

In this case, the first point we have to remember is that we do not get a single value when we add two or more terms which are unlike in nature. This certainly ob

How many teachers are there at russell high, There are 81 women teachers at...

There are 81 women teachers at Russell High. If 45% of the teachers in the school are women, how many teachers are there at Russell High? Use the proportion part/whole = %/100.

Proof of constant times a function, Proof of Constant Times a Function: ...

Proof of Constant Times a Function: (cf(x))′ = cf ′(x) It is very easy property to prove using the definition given you a recall, we can factor a constant out of a limit. No

Evaluate following limits at infinity, Evaluate following limits. ...

Evaluate following limits. Solution In this part what we have to note (using Fact 2 above) is that in the limit the exponent of the exponential does this, Henc

Problems involving motion - word problems, Problems Involving Motion - Word...

Problems Involving Motion - Word Problems: How far can a car travelling at a rate of 52 miles per hour travel in 2½ hours? Solution: Using Equation 13: s = vavt

What is the net surface area to be painted, You are painting the surface of...

You are painting the surface of a silo that has a diameter of 16 ft and height of 50 ft. What is the net surface area to be painted? Consider the top of the silo is  1/2 a sphere

Operation of fraction, what are the formula in the operation of fraction an...

what are the formula in the operation of fraction and how will i apply the operation of fraction on word problems

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd