Solve only for 8.4

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter12: Differential Analysis And Product Pricing
Section: Chapter Questions
Problem 12.4E
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Solve only for 8.4

84
Asserme
there are
2 countries peerducing apples and
oranges. Each country has many workers. The table
gives the number of necessary hours to
produce each.
Clabor is the only input).
8.2
Apple
orange
8.1 тние ог
A
8
5
X > 4
o ex
where
False : country A has an absolute advantage
in producing both goods
True or false : country A
in producing apples for any value of x>5.
has comparative advantage
toute
8.3 True or False: There eacists a value of X such that suuts
country A has a strict comparative advantage in
producing both goods
Transcribed Image Text:84 Asserme there are 2 countries peerducing apples and oranges. Each country has many workers. The table gives the number of necessary hours to produce each. Clabor is the only input). 8.2 Apple orange 8.1 тние ог A 8 5 X > 4 o ex where False : country A has an absolute advantage in producing both goods True or false : country A in producing apples for any value of x>5. has comparative advantage toute 8.3 True or False: There eacists a value of X such that suuts country A has a strict comparative advantage in producing both goods
8.4 if X=Y, trade is not welfare increasing for any country.
7
for this sentence to be true, what is the value of Y?
trade is always good
Weite Y=0 if your
for both countries ".
ir answer is
C
Transcribed Image Text:8.4 if X=Y, trade is not welfare increasing for any country. 7 for this sentence to be true, what is the value of Y? trade is always good Weite Y=0 if your for both countries ". ir answer is C
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