At what price of food in terms of manufactures supply food, Microeconomics

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At what price of food in terms of manufactures supply food

Country A has 3300 labor units and can produce manufactures and food. A's producers take 2 units of labor to produce a unit of manufactures and 6 units to produce a unit of food. Country B has 2100 units of labor and takes 3 units of labor to produce a unit of manufactures and 7 units to produce a unit of food. At what price of food in terms of manufactures would A and B respectively supply food? Would trade take place between A and B in David Ricardo's world? How many manufactures could A supply?

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Microeconomics: At what price of food in terms of manufactures supply food

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Microeconomics: At what price of food in terms of manufactures supply food

Reference No:- TGS060098

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: At what price of food in terms of manufactures supply food

Reference No:- TGS060098

Recent Questions Asked Microeconomics

Q : Current economic recession

Q : Role of information systems in an organization

Q : At what price of food in terms of manufactures supply food

Q : How is the tax base defined for a comprehensive wealth tax

Q : At what price of food in terms of manufactures supply food

Q : What amount should clay report as capitalized interest

Q : How will combined tax-transfer policy affect aggregate

Q : Discretionary fiscal policy and automatic stabilisers

Q : What is the approximate internal rate of return

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