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PEood = 6*w + 4*r PBeyerage = 4*w + 4*r PERod = $24 PBeverage = $20 *w + 4*r = 4*w+4*r 32 = $24 countries operate in autarky – no trade. Complete the table to determine conditions within each country. Autarky w*F= r*F = w/r = (K/L)Food = (K/L)Beverage Food per w Beverage per w = Food per r= Beverage per r= 10

PEood = 6*w + 4*r PBeyerage = 4*w + 4*r PERod = $24 PBeverage = $20 *w + 4*r = 4*w+4*r 32 = $24 countries operate in autarky – no trade. Complete the table to determine conditions within each country. Autarky w*F= r*F = w/r = (K/L)Food = (K/L)Beverage Food per w Beverage per w = Food per r= Beverage per r= 10

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Consider 2 Countries, Domestic and Foreign. Both countries have the same production technology. They differ in their endowment of L and K. Foreign has the following situation: PFood = 6*w + 4*r PBeyerage = 4*w + 4*r PFood = $24 Domestic has the following situation: = 6*w + 4*r PEood PBeverage PEeod = $32 PBeverage = $24 = 4*w + 4*r PBeverage = $20 1. Initially, the countries operate in autarky – no trade. Complete the table to determine conditions within each country. Autarky w*D = w*F r*D = r*F w/r = w/r = (K/L)Food = (K/L)Feed (K/L)Beverage (K/L)Beverage Food per w = Food per w = Beverage per w = Beverage per w = Food per r= Food per r = Beverage perr= Beverage perr= 1. 1. 10
Transcribed Image Text:Consider 2 Countries, Domestic and Foreign. Both countries have the same production technology. They differ in their endowment of L and K. Foreign has the following situation: PFood = 6*w + 4*r PBeyerage = 4*w + 4*r PFood = $24 Domestic has the following situation: = 6*w + 4*r PEood PBeverage PEeod = $32 PBeverage = $24 = 4*w + 4*r PBeverage = $20 1. Initially, the countries operate in autarky – no trade. Complete the table to determine conditions within each country. Autarky w*D = w*F r*D = r*F w/r = w/r = (K/L)Food = (K/L)Feed (K/L)Beverage (K/L)Beverage Food per w = Food per w = Beverage per w = Beverage per w = Food per r= Food per r = Beverage perr= Beverage perr= 1. 1. 10
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