estion 5 of Here's another specialization and exchange problem. This problem is wholly made-up, so that you won't be abl

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Estion 5 Of Here S Another Specialization And Exchange Problem This Problem Is Wholly Made Up So That You Won T Be Abl 1 (34.38 KiB) Viewed 19 times

estion 5 of Here's another specialization and exchange problem. This problem is wholly made-up, so that you won't be able to use your intuition about the names of countries or the products to figure out the answer. Consider the following productivity table: Mandovia Ducennia Number of Hours to Make One Rotid 50 150 d. Now allow specialization. If each country completely specializes in the product in which it holds the comparative advantage, what will the total output of rotids be? Of taurons? Is the total output of each product higher than before? Output of rotids for Mandovia: Number of Hours to Make One Tauron 100 200 million Output of rotids for Ducennia: million