wine Portugal England 50 40 88285432 90 80 90 80 70 70 60 wine 30 CPF 20 PPF 10. 0 8885432 60. CPF 50 40 30 PPF 20 10. 0+ 0 10 20 30 40 50 60 cloth 0 10 20 30 40 50 60 10. If Portugal has a total of 120 man-hours of resources available for production, while England has only 90, what are the resource costs of wine and cloth? O (a) wine costs 1 man-hour/bottle and cloth costs 1 man-hour/yard in Portugal. O (b) cloth costs 4 man-hours/yard and wine costs 2 man-hours/bottle in Portugal. O (c) cloth costs 4 man-hours/yard and wine costs 2 man-hours/bottle in England. (d) wine costs 2 man-hours/bottle and cloth costs 3 man-hours/yard in England. O (e) wine costs 4/3 man-hours/bottle and cloth costs 4 man-hours/yard in Portugal cloth
wine Portugal England 50 40 88285432 90 80 90 80 70 70 60 wine 30 CPF 20 PPF 10. 0 8885432 60. CPF 50 40 30 PPF 20 10. 0+ 0 10 20 30 40 50 60 cloth 0 10 20 30 40 50 60 10. If Portugal has a total of 120 man-hours of resources available for production, while England has only 90, what are the resource costs of wine and cloth? O (a) wine costs 1 man-hour/bottle and cloth costs 1 man-hour/yard in Portugal. O (b) cloth costs 4 man-hours/yard and wine costs 2 man-hours/bottle in Portugal. O (c) cloth costs 4 man-hours/yard and wine costs 2 man-hours/bottle in England. (d) wine costs 2 man-hours/bottle and cloth costs 3 man-hours/yard in England. O (e) wine costs 4/3 man-hours/bottle and cloth costs 4 man-hours/yard in Portugal cloth
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter33: International Trade
Section: Chapter Questions
Problem 29P: France and Tunisia both have Mediterranean climates that are excellent for producing/harvesting...
Related questions
Question
do fast and don't use chagpt answer urgent.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax