Use the information in the following table on labor productivities in France and Germany to answer questions a through f. Output per hour worked Cheese Cars France 8 kilograms 1 Germany 4 kilograms 2 a. The absolute advantage in cheese is held by France and the absolute advantage in cars is held by Germany. b. The relative price of cheese in France is 0.125 cars (round to three decimal places) CD Cheese 50- 45- 40- 35- 30- 25- 20- 15- 10- 5- 04 France A -00

Use the information in the following table on labor productivities in France and Germany to answer questions a through f. Output per hour worked Cheese Cars France 8 kilograms 1 Germany 4 kilograms 2 a. The absolute advantage in cheese is held by France and the absolute advantage in cars is held by Germany. b. The relative price of cheese in France is 0.125 cars (round to three decimal places) CD Cheese 50- 45- 40- 35- 30- 25- 20- 15- 10- 5- 04 France A -00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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