subject
Business, 30.10.2019 06:31 Flameking1223

Consider the following ricardian model with two countries and two goods, books and movies. singapore has 200 units of labor available; the unit labor requirement for a book is 2 and 5 for a movie. hong kong has 100 units of labor available; the unit labor requirement for a book is 10 and 4 for a movie. note: this question is primarily graphical. draw big graphs so it is clear what you mean. every line you draw should be labeled and have it's inter- cepts labeled. a) draw the ppf for singapore and hong kong on two different graphs. place qbook on the y axes. label them their country specific ppf for the remainder of the question, assume the world price of books is $2 and the world price of movies if $1. b) add the free trade ppf for each country to your graphs in part a). label them ppfworld- for the remainder of the question, we will drop the assumption that it is costless to transport books. specifically, assume it costs $0.5 to transport a book (e. g. it would cost $1 to transfer 2 books). it does not cost anything to transport movies. the transport costs are paid by the exporting country, and the world prices do not change. c) add the free trade with transportation costs ppf for each country to your graphs in part a). label them ppfw. t- d) what would happen if the $0.5 cost applied to exporting movies? how many movies would each country export? note: you don't need a graph for this explain in words.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:10
Of the roles commonly found in the development, maintenance, and compliance efforts related to a policy and standards library, which of the following has the responsibilities of directing policies and procedures designed to protect information resources, identifying vulnerabilities, and developing a security awareness program?
Answers: 3
question
Business, 22.06.2019 15:20
Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is
Answers: 2
question
Business, 23.06.2019 11:40
Anewspaper story on the effect of higher milk prices on the market for ice cream contained the following: "as a result [of the increase in milk prices], retail prices for ice cream are up 4 percent from last year. . and ice cream consumption is down 3 percent." source: john curran, "ice cream, they scream: milk fat costs drive up ice cream prices," associated press, july 23, 2001. based on the information given, what is the price elasticity of demand for ice cream?
Answers: 1
question
Business, 23.06.2019 18:00
Many jobs in the law, public safety, and security careers require training that does not aid in earning a degree. which best describes jobs that require licensure, on-the-job training, and certification? a. paramedics and correction officers need to be licensed, security guards need on-the-job training, and lawyers and fire inspectors need to be certified. b. security guards and lawyers need to be licensed, correction officers need on-the-job training, and paramedics and fire inspectors need to be certified. c. lawyers need to be licensed, paramedics and security guards need on-the-job training, and correction officers and fire inspectors need to be certified. d. fire inspectors and security guards need to be licensed, lawyers and correction officers need on-the-job training, and paramedics need to be certified.
Answers: 3
You know the right answer?
Consider the following ricardian model with two countries and two goods, books and movies. singapore...
Questions
question
Mathematics, 22.03.2021 18:50
question
Mathematics, 22.03.2021 18:50
question
Mathematics, 22.03.2021 18:50
question
Social Studies, 22.03.2021 18:50
Questions on the website: 13722362