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Home aLS = 1 hour per pound aLG = 3 hours per gallon where: aLS = number of labor hours needed to produce a unit
Home aLS = 1 hour per pound aLG = 3 hours per gallon where: aLS = number of labor hours needed to produce a unit of sausage in Home; aLG = number of labor hours needed to produce a unit of glue in Home; PS = the price per pound of sausage; PG = the price per gallon of glue. Part 2 If the price per gallon of glue (PG) is $12, the hourly wage rate in the glue sector of Home's economy will be
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