Business, 14.11.2019 04:31, jackphilander2285
Initially, suppose contente uses 1 million hours of labor per week to produce corn and 3 million hours per week to produce jeans, while felicidad uses 3 million hours of labor per week to produce com and 1 million hours per week to produce jeans. consequently, felicidad produces 15 million bushels of con and 20 million pairs of jeans, and contente produces 8 million bushels of corn and 48 million pairs of jeans. assume there are no other countries willing to trade goods, so, in the absence of trade between these two countries, each country consumes the amount of corn and jeans it produces. felicidad's opportunity cost of producing 1 bushel of corn is of jeans, and contente's opportunity cost of producing 1 bushel of corn is of jeans. therefore, advantage in the production of jeans. has a comparative advantage in the production of corn, and has a comparative suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces corn will produce million bushels per week, and the country that produces jeans will produce million pairs per week
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Mathematics, 02.09.2019 22:10, lucaszsanches
Answers: 3
Business, 17.09.2019 02:30, shelbybibb99
Answers: 1
Initially, suppose contente uses 1 million hours of labor per week to produce corn and 3 million hou...
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