Please show how to solve for question 1, hours (amount of Li) in each country to produce 1 unit of each good. There are 2 countries, D and F. There are 2 products X and Y. Each country has only a single input labor hours, Li j, where i is D forDomestic or F for Foreign and j is either X for Good X use of the labor or Y for Good Y use of labor.In country D:In country F:Xp = an*LD, x- bo*LD, YLD = LD, x + LD, YXF = ag*LF, XYF = be*LF, YLF = LF, X + LF, YYD =At the moment: ap = 0.25, bp = 0.5, LD = 32, aE = 0.8, br = 0.4, LF = 40. Each country is operating in autarky and has determined todivide its labor force equal between the production of X and Y. In Autarky find complete the following tables:1.Find hours (amount of L;) in each country to produce 1 unit of each good.Hours to 1 unitYF2. In D, what is the cost of 1 unit of X?X=Y3.In D, what is the cost ofl unit of Y?Y =4.In F, what is the cost of 1 unit of X?X =Y5. In F, what is the cost of 1 unit of Y?Y =

There are 2 countries, D and F. There are 2 products X and Y. Each country has only a single input labor hours, L;, j, where i is D for Domestic or F for Foreign and j is either X for Good X use of the labor or Y for Good Y use of labor. In country D: In country F: Xp = ap*LD, x Yp = bp*LD, Y XF = ar*LF, X YF = be*LF, Y LF = LF, x + LF, Y LD = LD, x + LD, Y At the moment: ap = 0.25, bp = 0.5, LD = 32, ar= 0.8, bE = 0.4, LF = 40. Each country is operating in autarky and has determined to divide its labor force equal between the production of X and Y. In Autarky find complete the following tables: 1. Find hours (amount of L;) in each country to produce 1 unit of each good. Hours to 1 unit X Y F

There are 2 countries, D and F. There are 2 products X and Y. Each country has only a single input labor hours, L;, j, where i is D for Domestic or F for Foreign and j is either X for Good X use of the labor or Y for Good Y use of labor. In country D: In country F: Xp = apLD, x Yp = bpLD, Y XF = arLF, X YF = beLF, Y LF = LF, x + LF, Y LD = LD, x + LD, Y At the moment: ap = 0.25, bp = 0.5, LD = 32, ar= 0.8, bE = 0.4, LF = 40. Each country is operating in autarky and has determined to divide its labor force equal between the production of X and Y. In Autarky find complete the following tables: 1. Find hours (amount of L;) in each country to produce 1 unit of each good. Hours to 1 unit X Y F

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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