Question
Country A Country B Y X Y X 160 25 34 240 180 95 16 360 All answers are based upon you rounding answers to
Country A Country B
Y X Y X
160 25 34 240
180 95 16 360
All answers are based upon you rounding answers to two (2) decimal places. If you don't round correctly, then you will have trouble finding the correct answers!
Full credit requires that all curves have labels, axis have labels, numerical answers are correct, graphs are drawn with a ruler, are neat, and represent college level work!
3. Suppose that Country A is currently consuming 16.28 X, and 170Y. Suppose that Country B is currently consuming 300X, and 25Y. If each country produces according to its comparative advantage, explain how both countries could have more X or more Y.
Use the format - Let Country _____ produce only _____ because Country _______ has a comparative advantage at ______.
Write the rest of the analysis in the space provided.
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