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Germany can produce either 40 units of pretzels or 20 units of cars per labour hour. Canada can produce either 62 units
Posted: Tue Apr 26, 2022 11:13 am
by answerhappygod
- Germany Can Produce Either 40 Units Of Pretzels Or 20 Units Of Cars Per Labour Hour Canada Can Produce Either 62 Units 1 (50.07 KiB) Viewed 54 times
Germany can produce either 40 units of pretzels or 20 units of cars per labour hour. Canada can produce either 62 units of pretzels or 14 units of cars per labour hour. Suppose Canada follows its comparative advantage in deciding what to produce and trade with Germany at a trade price of 0.32 units of cars for one unit of pretzel. For every 5110 units of the goods that Canada produces and trades with Germany, what are the gains from trade in terms of the other goods? Answer: units (DO NOT ROUND YOUR CALCULATIONS UNTIL YOU REACH THE FINAL ANSWER. ENTER YOUR RESPONSE ROUNDED TO TWO DECIMAL PLACES, AND NO SEPARATOR FOR THOUSANDS IS REQUIRED.)