.
Show all your steps and reasoning.
Consider the productivity table below:
a. Which cou...
Business, 05.09.2020 22:01, queentynaisa
Show all your steps and reasoning.
Consider the productivity table below:
a. Which country has an absolute advantage at making rotids?
Number of Hours to Make One Rotid Number of Hours to Make One Tauron
Mandovia 50 100
Ducennia 150 20
b. Using the information in the productivity table above, estimate the opportunity cost of making rotids and taurons in Mandovia and Ducennia.
c. There are 1 billion hours of labor available for making products in Mandovia, and 2 billion hours of labor available for making products in Ducennia. In a no-trade world, let’s assume that half the labor in each region gets used to make each product.
Answers: 2
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