In 2018, Canada produced 1,500,000 delivery trucks and 500,000 cars. In the same year, Japan produced 8,000,000 delivery trucks and 800,000 cars. What is a price of cars (in terms of delivery trucks) at which BOTH countries would be better off? (Many correct answers are possible; your answer should be rounded to zero or one decimal places.)

In 2018, Canada produced 1,500,000 delivery trucks and 500,000 cars. In the same year, Japan produced 8,000,000 delivery trucks and 800,000 cars. What is a price of cars (in terms of delivery trucks) at which BOTH countries would be better off? (Many correct answers are possible; your answer should be rounded to zero or one decimal places.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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