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

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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?

David · Accepted Answer

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.

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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