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Ricardian Model. Consider the following table that describes the marginal products of labor for 2 goods (apples and oranges) and the total units of labor
Ricardian Model. Consider the following table that describes the marginal products of labor for 2 goods (apples and oranges) and the total units of labor in a home and foreign country. MPL Apple MPL Orange Units of L Home 8 6 100 Foreig 8 10 50 a. Compute the following quantities and nally answer the question in bold. Remember to show your work. - Opportunity cost of apple for the home country - Opportunity cost of apple for the foreign country - Opportunity cost of orange for the home country - Opportunity cost of orange for the foreign country What will be the patterns of international trade
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