What is the net welfare gain from trade to the economies of both countries together? (hint: the formula for calculating the area of a triangle is 1/2 times the base times the height) 3 6 9 13.5 33.75 25 2NN P Country 1 25 International market P 20 20 15 s1 225 15 S1 15 Country 2 99 S2 P s2 25 20 25 10 -IP 10 -IP 10 10 -IP 5 5 LO 5 D2 d1EQ d2 0 D1 0 0 3 6 9 1215182124 Q 0 369 1215182124 Q 0 369 1215182124 18. What is the net welfare gain from trade to the economies of both countries together? (hint: the formula for calculating the area of a triangle is 1/2 times the base times the height) ○ 3 ○ 6 ○ 9 O 13.5 33.75
What is the net welfare gain from trade to the economies of both countries together? (hint: the formula for calculating the area of a triangle is 1/2 times the base times the height) 3 6 9 13.5 33.75 25 2NN P Country 1 25 International market P 20 20 15 s1 225 15 S1 15 Country 2 99 S2 P s2 25 20 25 10 -IP 10 -IP 10 10 -IP 5 5 LO 5 D2 d1EQ d2 0 D1 0 0 3 6 9 1215182124 Q 0 369 1215182124 Q 0 369 1215182124 18. What is the net welfare gain from trade to the economies of both countries together? (hint: the formula for calculating the area of a triangle is 1/2 times the base times the height) ○ 3 ○ 6 ○ 9 O 13.5 33.75
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:What is the net welfare gain from trade to the economies of both countries together? (hint: the formula for calculating
the area of a triangle is 1/2 times the base times the height) 3 6 9 13.5 33.75
Transcribed Image Text:25
2NN
P
Country 1
25
International market
P
20
20
15
s1
225
15
S1
15
Country 2
99
S2
P
s2
25
20
25
10
-IP
10
-IP
10
10
-IP
5
5
LO
5
D2
d1EQ
d2
0
D1
0
0 3 6 9 1215182124
Q
0 369 1215182124 Q
0 369 1215182124
18. What is the net welfare gain from trade to the economies of both countries together? (hint: the formula for calculating the area of a triangle is 1/2 times the base times the height)
○ 3
○ 6
○ 9
O 13.5
33.75
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