Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 21 Mar 2018 My Price 3.00

Machineland and Farmland

Suppose that two countries, Machineland and Farmland, have the following production possibility curves:

a. Explain how these two countries can move from points A and C, where they currently are, to points B and D.

b. If possible, state by how much total production for the two countries has risen.

c. If you were a trader, how much of the gains from trade would you deserve for discovering this trade?

d. If the per unit cost of production falls as output rises, how would the analysis change?

 

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Mar 2018 05:03 AM My Price 3.00

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