Just two questions.Assume that Home and foreign produce 2 goods, high-definition tvs and kiwi fruit. Use the following information to answer the following questions a) The foreign country is endowed...

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Just two questions.Assume that Home and foreign produce 2 goods, high-definition tvs and kiwi fruit. Use the following information to answer the following questions
a) The foreign country is endowed with 10 workers and has the following marginal productsMPL*TV=2, MPL*K=4. Assume the relative price of TVs under free trade is PTV/PK=3. How many TVs and bushels of kiwi fruit will the Home country produce?b) Which good does home export? What quantity does it export?

Answered Same DayDec 25, 2021

Answer To: Just two questions.Assume that Home and foreign produce 2 goods, high-definition tvs and kiwi fruit....

David answered on Dec 25 2021
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Assume that Home and foreign produce 2 goods, high-definition tvs and kiwi fruit. Use the following
information to answer the following questions
a) The foreign country is endowed with 10 workers and has the following marginal
productsMPL*TV=2, MPL*K=4. Assume the relative price of TVs under free trade is PTV/PK=3. How
many TVs and...
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