Mathematics, 18.06.2021 06:30 mikewalton566
Germany and India only produce two goods, they are both equally efficient and have opportunity cost between the two goods. In one month germany can produce 200,000 automobiles, or 60,000 hand held computers. India can produce 150,000 automobiles or 50,000 hand held computers.
A. graph the given information
b. What is the opportunity cost for germany to produce automobiles?
c. opportunity cost for India to produce automobiles
d. opportunity cost for germany with hand held computers?
e. opportunity cost for India hand held computer
f. which Nation has absolute advantage in automobiles, and absolute advantage in hand held computers
g. which Nation has comparative advantage in autos, and hand computers?
h. Can these Nations benefit from trade? explain how, be detailed please use numbers and prove answer.
Answers: 2
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