Candonia Desonia 48 48 42 42 36 36 PPF 30 30 24 Slope: -0.50 18 PPF 18 X-Intercept: 36.00 18, 9 12 Y-Intercept: 18.00 12 6. 12 18 24 30 36 42 48 6 12 18 24 36 42 48 POTATOES (Millions of pounds) POTATOES (Millions of pounds) Candonia has a comparative advantage in the production of while Desonia has a comparative advantage in the production of Suppose that Candonia and Desonia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of million pounds of potatoes and million pounds of sugar. SUGAR (Millions of pounds) SUGAR (Millions of pounds)
Candonia Desonia 48 48 42 42 36 36 PPF 30 30 24 Slope: -0.50 18 PPF 18 X-Intercept: 36.00 18, 9 12 Y-Intercept: 18.00 12 6. 12 18 24 30 36 42 48 6 12 18 24 36 42 48 POTATOES (Millions of pounds) POTATOES (Millions of pounds) Candonia has a comparative advantage in the production of while Desonia has a comparative advantage in the production of Suppose that Candonia and Desonia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of million pounds of potatoes and million pounds of sugar. SUGAR (Millions of pounds) SUGAR (Millions of pounds)
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter33: International Trade
Section: Chapter Questions
Problem 30P: In Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10...
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