Two countries produce two goods and they each have 3 million hours of labor.  Consider the table that shows the quantity produced per labor hour:   Shirts Corn (bushels) Alpha 4 12 Beta 2 10 If each country specializes in the good for which it has a comparative advantage then in total the two countries can together produce  million shirts and  million bushels of corn.  Enter whole numbers.

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter2: Production Possibilities Frontier Framework
Section: Chapter Questions
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Two countries produce two goods and they each have 3 million hours of labor.  Consider the table that shows the quantity produced per labor hour:

 

Shirts

Corn (bushels)

Alpha

4

12

Beta

2

10

If each country specializes in the good for which it has a comparative advantage then in total the two countries can together produce  million shirts and  million bushels of corn.  Enter whole numbers.

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