What is the italys marginal cost of producing wine

Assignment Help International Economics

Reference no: EM13231835

Two countries, Italy and America, initially are capable of producing only two goods: wine (w) and pasta (p). Italy can produce a maximum of 200w and 0p or 100p and 0w, or any linear combination of these numbers. America can produce a maximum of 50w and 0p, or 400p and 0w, or any linear combination of these numbers. (place wine on the x axis and pasta on the y axis)

what is the Italy's Marginal Cost of producing WINE for every (one) PASTA not produced.

Reference no: EM13231835

Problems on revenues and costs

Select a United State multinational corporation. In terms of currency denomination, how the firm prices its revenues and costs.

Global and domestic macroeconomics

We know the following about a country called Fribonia: Co=10,000 C1=0.8 T=10,000 Tr=2,500 G=7,500 I=5,000 QUESTIONS: (a) Formulate the corresponding macroeconomic model identi

Ideals of justice and equality

The US was founded on ideals of justice and equality. The Declaration of Independence proclaimed that all men are developed equal, yet individuals such as African Americans an

What is the current macroeconomic situation

What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.) What fiscal policies

What is the 18-month forward rate for one pound in dollars

If the spot rate for British pounds is 0.57 pounds equals 1 US $, and the annual interest rate on fixed rate one-year deposits of pounds is 3.5% and for US$ is 2.5%, what is

Which country has an absolute advantage in cheese

Use the information in the table on labor productivities in France and Germany to answer the following question Output per Hour Worked France: cheese is 1 kilogram, cars is 0.

Show arbitrage in financial markets

Explain the dierence between Covered and Uncovered Interest Parity Arbitrage. What risks does a US investor face when buying Mexican government bonds, and trying to exploit

Implications of imposed price ceiling on gasoline

Suppose that government imposed a price ceiling on gasoline in order to save prices from getting too high. What are the economic implications of this action in the gasoline ma

Reviews

Write a Review

Message

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages