In the specific factor model with two goods 1 and 2 and labour as the mobile factor, in the autarky equilibrium it must hold that A P 1 MPL 1 =P 2 MPL 2 for marginal labour productivities MPL 1 and...

In the specific factor model with two goods 1 and 2 and labour as the mobile factor, in the autarky equilibrium it must hold that

A		P₁MPL₁=P₂MPL₂for marginal labour productivities MPL₁ and MPL₂
B		MPL₁=MPL₂ for marginal labour productivities MPL₁ and MPL₂
C		the wage w is given by w=MPL₁/MPL₂
D		the wage w is given by w=P₁/P₂

Jun 09, 2022

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