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[Part B. Short answer questions] Home and Foreign produce two goods: televisions and cars. A. Use the following information from the autarkic state in Home.
[Part B. Short answer questions] Home and Foreign produce two goods: televisions and cars. A. Use the following information from the autarkic state in Home. 8. What is the marginal product of labor (MPL) for cars? 9. What is the no-trade relative price of cars? Update Available We've made some fixes and improvements. To complete the process, th... 8. What is the marginal product of labor (MPL) for cars? 9. What is the no-trade relative price of cars? 10. What is the opportunity cost of a car? 11. What is the real wage in Home in terms of cars? 12. What is the real wage in Home in terms of televisions
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