1 answer

Ignore the writing. Suppose France can produce four phones or three computers with one unit of...

Question:

Suppose France can produce four phones or three computers with one unit of labor, and Sweden can produce one phone or two com
ignore the writing.
Suppose France can produce four phones or three computers with one unit of labor, and Sweden can produce one phone or two computers with one unit of labor. Each country has 600 units of labor. a) Draw a table for both countries with 4 columns labeled Max Phones, Max Computers, Cost Phone, Cost Computer b) Draw the PPF for Both Countries (two separate graphs) c) Find the absolute advantage for each country d) Find the comparative advantage for each country e) Find terms of trade that will make both countries better off. f) Draw CPF by picking a trade from part E that works for both countries. Draw the CPF for each country on the same graphs as the PPF. g) What should France export? What should Sweden export? Phones Computers What is the opportunity cost of producing one ton of nickel in Australia? Nickel (tons) Ili N Cost China Australia 8 Textiles (Tona) o b rov olo

Answers

Max Phones | Max Computers Cost Phone Cast Computer FRANCE 4 X 600 = 24.00 3 x 600 = 1800 3/4 Computer 4 Phone SWEDEN 2 2 x 6d France has the comparative advantage in Computer, as the producing phones. Cast of Phone in france a Cost of Phone in suede

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