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Consider a world with only two countries: Germany and France. The table below describes the labour endowments and production technologies for each country Germany Labour
Consider a world with only two countries: Germany and France. The table below describes the labour endowments and production technologies for each country Germany Labour Force () 25 4 cars France 20 Marginal Product of Labour for cars ( ) 2 cars Marginal Product of Labour for wine ( ) 8 boxes of wine 12 boxes of wine a. Draw the PPF for Germany and France. Put unit of cars () on the horizontal axis and box of wine () on the vertical axis. Be sure to label the numeric values of each country's axes and slope
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