Question
Draw a graph of a country in autarky equilibrium using as few curves and points as possible. Assume that this country only produces 2 goods
Draw a graph of a country in autarky equilibrium using as few curves and points as possible. Assume that this country only produces 2 goods (you decide what they are) and there is increasing additional cost to produce them.
Label your general equilibrium point A and state the relative price of your two goods...please put actual numbers on the graph so that your relative price can be calculated.
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Get StartedRecommended Textbook for
Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
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