Solution-Maximum quantity of good, Determine the maximum

Maximum quantity of good

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Suppose there are 2 countries: the U.S. and China. The U.S has 50,000 labor hours available. It takes the U.S. 4 hours to make a cake and 16 hours to make a table. China has 110,000 labor hours available. It takes China 5 hours to make a cake and 50 hours to make a table.

Determine the maximum quantity of each good that the U.S. and China could produce.

Reference no: EM131703698

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Maximum quantity of good

Reference no: EM131703698

Reference no: EM131703698

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