Country A has eight hundred units of labor and needs ten labors for producing one unit of cheese and fifty for producing one unit of wine. Its production frontier is calculated as follows: The graph above represents the cheese on the y-axis and wine on the x-axis. PTA and PB are pre-trade production points for countries A and B, respectively., While PA and PB are is the post-trade points for countries A and B, respectively. Recommended textbooks for you Micro Economics For Today Survey Of Economics MACROECONOMICS FOR TODAY Economics For Today Publisher:Cengage Learning Principles of Microeconomics Publisher:Cengage Learning Microeconomics Publisher:Cengage Learning Micro Economics For Today ISBN:9781337613064 Author:Tucker, Irvin B. Publisher:Cengage, Survey Of Economics ISBN:9781337111522 Author:Tucker, Irvin B. Publisher:Cengage, MACROECONOMICS FOR TODAY ISBN:9781337613057 Author:Tucker Publisher:CENGAGE L Economics For Today ISBN:9781337613040 Author:Tucker Publisher:Cengage Learning Principles of Microeconomics ISBN:9781305156050 Author:N. Gregory Mankiw Publisher:Cengage Learning Microeconomics ISBN:9781337617406 Author:Roger A. Arnold Publisher:Cengage Learning |