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
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text: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)
CO
Cheese
50-
45-
40-
35-
30-
25-
20-
15
10-
5-
04
0
2
France
4
(
6
-00
P
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