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Capital-labor ratio in the production of the commodity

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Reference no: EM132795420

This question is based on Heckscher-Ohlin (HO) Model.

A. Suppose two units of capital (2K) and two units of labor (2L) are required to produce one unit of commodity Y and three units of capital (3K) and twelve units of labor (12L) are required to produce one unit of X. Plot capital (K) along the vertical axis of a graph and labor (L) along the horizontal axis, and production takes place along a straight-line ray from the origin. What would be the capital-labor ratio (K/L) in the production of the commodity Y and X and which commodity is capital intensive.

Reference no: EM132795420

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