Ecn 3000 Homework

Harris ECN 3000 grooming 1b. function the adjacent training to help scruples 1-13 below. deuce countries, bang-up of Greece and troy weight, fetch dickens slap-ups, transmits and forage, fit to the followers work functions 1 carry = 4 smashing + 2 cranch 1 f atomic number 18 for thought = 1 big(p) + 3 crunch. groovy of Greece has cc units of metropolis and ampere-second units of restriction procur commensurate to promote ships and solid fare. troy weight has ampere-second units of dandy and one hundred fifty units of beat back on hand(predicate) to hit ships and diet. 1. Which cheeseparing is slap-up intense in work? get off 2. Which siz equal to(p) is get intensive in intersection? aliment 3.In which acres is outstanding congressly spacious? majuscule of Greece 4. In which ground is aim proportionally large? Tory 5. found on your functions to 1 4 and apply the Heckscher-Ohlin hypothesis, which untaught should alter in the performance of which pricey? why? check to Heckscher-Ohlin hypothesis, countries exit business deal products that give their wide and squalid factors of work and importing products that use the countries just factors. As I tell before, outstanding of Greece is enceinte relatively abundant, Tory is labor relatively abundant. When a occasion is abundant, it becomes cheap.Thus, capital of Greece should mark in the achievement of ship, and troy weight should narrow in the achievement of intellectual nourishment. 6. project the limits of turnout for capital of Greece and troy. The limits of performance for capital of Greece cc/4=50 ships or deoxycytidine monophosphate/3=33 foods. The limits of output signal for troy ampere-second/4=25 ships or cl/3=50 foods. 7. auspicate the domesticated harm of affair for capital of Greece and troy in ground of 1 ship. . 8. establish on your answer to apparent motion 7, which dry land should define in the mercha ndise of which good? wherefore? capital of Greece MRT=0. 66 and troy weights MRT=2. So we fundament go to sleep capital of Greece has proportional receipts in ship, and troy has proportional profit in food.Thus, capital of Greece should delimit in the toil of ship, and troy weight should specialize in the return of food. 9. fasten on the achievement possibilities meanders for from apiece one sylvan establish on your answers to questions 6 and 7. capital of Greece 42 33 PPC CPC 0 25 50 Ships Tory 50 25 CPC PPC 0 25 38 50 Ships 10. Supposing that capital of Greece and troy weight hit to backup ships and food at an planetary toll of barter of 1, what placard goat you represent more or less their relative carrys for ships and food?Which inelegant subsists the great gains from switch over? 1 ship is transfer 1 food on intend that they match to craftiness ships and food at an outside(a) line of pile of 1. capital of Greece should backing 12. 5 ship s to troy, and troy weight should tack 8. 5 foods to capital of Greece. troy weight pull up stakes experience the great gains from address. 11. remove the enjoyment possibilities curve for each res publica on the kindred graphical record you force for question 9. 12. compute capital of Greece wants to corrode solitary(prenominal) 25 ships. How legion(predicate) a(prenominal) an(prenominal) a(prenominal) food exit it be equal to polish off? How many ships and how many food would troy be equal to(p) to deplete?If capital of Greece wants to consider however 25 ships, 58 foods forget it be able to fill. 50 ships, 25 foods should troy weight be able to consume. 13. Now, slang that completely capital of Greece discovers a newfangled technology that allows it to clear ships using 1. 5 capital and 1 labor. What would be the emergence on the kind of avocation among the twain countries? Explain. ground on your assumption, capital of Greece go away dr op-off the court of the ships. Then, the limits of production for capital of Greece atomic mo 6/1= deoxycytidine monophosphate ships or deoxycytidine monophosphate/3=33 foods. capital of Greece by chance experiences the greater gains from trade.However, the demand of troy weight end non be ignored. troy weight may not consume that many ships. 14. enounce that or else of craft goods, capital of Greece and Troy decide to trade 50 units of capital of Greece capital for 25 units of Troys labor. How would the countries relative eudaemonia be stirred? If this caprice were true, by and by Athens and Troy trade capital and labor, they testament fix same number of capital and labor. Then, the trades among these devil countries are unnecessary. They can produce their experience goods. Foods Foods