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Ukraine and France produce wheat and butter. Their maximum production is as follows: Ukraine: Qwheat = 7116Qbutter = 2372 France: Qwheat= 9612Qbutter= 2403 These two
Ukraine and France produce wheat and butter. Their maximum production is as follows: Ukraine: Qwheat = 7116Qbutter = 2372 France: Qwheat= 9612Qbutter= 2403 These two countries are currently not trading. Ukraine is currently producing and consuming 3963 units ofwheat and 105l units of butter. France is currently producing and consuming 4928 units of wheat and l7l unitsof butter. Then these two countries specialize and trade based on comparative advantage. The terms of tradeare 4388 units of wheat for 1274 units of butter. what are the gains from trade for France in terms of WHEAT
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