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Economy produces two goods (food and clothing] using two inputs {capital and labor). The unit of cloth is produced using 1 units of labor and
Economy produces two goods (food and clothing] using two inputs {capital and labor). The unit of cloth is produced using 1 units of labor and 3 units of capital. The unit of food produced using 2 units of labor and :1 units of capital. Economy is endowed with 1600 units of labor and 3300 units of capital. Economy trades freely on the world market, and the world price of cloth is 15, while the world price of food is 22. How much food is produced in this economy
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