The foreign country is endowed with 10 workers and has the, Econometrics

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The foreign country is endowed with 10 workers and has the

Just two questions.Assume that Home and foreign produce 2 goods, high-definition tvs and kiwi fruit. Use the following information to answer the following questions

a) The foreign country is endowed with 10 workers and has the following marginal productsMPL*TV=2, MPL*K=4. Assume the relative price of TVs under free trade is PTV/PK=3. How many TVs and bushels of kiwi fruit will the Home country produce?

b) Which good does home export? What quantity does it export?

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Econometrics: The foreign country is endowed with 10 workers and has the

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Econometrics: The foreign country is endowed with 10 workers and has the

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