Calculate the gains from trade, Mathematics

Assignment Help:

Table shows the productivity for the countries Pin and Pang.

2150_Calculate the Gains from Trade.png

1) If the working population of Pin and Pang are both 6 million, divided equally between the two industries in each country, how many machines and bread are currently being produced in Pin and Pang?

2)    If the two countries decide to specialize, in which product does each country have a comparative advantage?

3)     If the two countries were to totally specialize, what would be the resulting  combined totals?

4) What are the gains from trade?


Related Discussions:- Calculate the gains from trade

Determine the slope, Determine the slope following lines.  Sketch the graph...

Determine the slope following lines.  Sketch the graph of line.       The line which contains the two points (-2, -3) and (3, 1) .   Solution we'll need to do is employ

Integerts, how do u add and subtract integers

how do u add and subtract integers

Integration, Integration of square root of sin

Integration of square root of sin

Function to convert a complex number in algebraic form, Go back to the com...

Go back to the complex numbers code in Figures 50 and 51 of your notes. Add code fragments to handle the following: 1. A function for adding two complex numbers given in algeb

Credit and invoice, mr ouma bought two sets of spanners for sh 300per set ...

mr ouma bought two sets of spanners for sh 300per set two machanic vice at sh 1000each three set of screw driver at sh 115 per set and tool box for sh 300

Fenrir chain, Fenrir the wolf is bound by a magical chain. The chain is an ...

Fenrir the wolf is bound by a magical chain. The chain is an endless piece madr up of 30 links.Originally forged by 6 pieces , each made up of 5 links. It costs 2 silver coins to c

Distribution of sample means not normal, The distribution of sample means i...

The distribution of sample means is not always a normal distribution. Under what circumstances is the distribution of sample means not normal?

Decision theory, Decision Theory Decisions There are many types of ...

Decision Theory Decisions There are many types of decision making 1.      Decision making under uncertainty It refer to situations where more than one outcome can r

Solve by factorization, Solve by factorization X 2 +(a/a+b + a+b/a)x+...

Solve by factorization X 2 +(a/a+b + a+b/a)x+1 = 0 X 2 +(a/a+b + a+b/a)x+1 =>  X 2 +(a/a+b x a+b/ax + a/a+b .a+b/a) =>  X[x+a/a+b] +a+b/a[a+a*a+b]= 0 =>  X= -a

Write Your Message!

Captcha
Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd