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Costs of products in countries and gains from trade

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a. What are the costs of the two products in each country? Round your answers below to 2 decimal places. Concordia: 1 unit of pork costs beans. 1 unit of beans costs units of pork. Harmonia: 1 unit of pork costs beans. 1 unit of beans costs units of pork. b. Which products should each country specialize in and export? Concordia: Harmonla: c. If, prior to specialization and trade. Concordia produced combination D and Harmonla produced combination B, what would be the total gains from trade? Pork: Beans:.

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a. What are the costs of the two products in each country? Round your answers below to 2 decimal places. Concordia: 1 unit of pork costs beans. 1 unit of beans costs units of pork. Harmonia: 1 unit of pork costs beans. 1 unit of beans costs units of pork. b. Which products should each country specialize in and export? Concordia: Harmonla: c. If, prior to specialization and trade. Concordia produced combination D and Harmonla produced combination B, what would be the total gains from trade? Pork: Beans:

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Costs of products in countries and gains from trade

  • 1. a. What are the costs of the two products in each country? Round your answers below to 2 decimal places. Concordia: 1 unit of pork costs beans. 1 unit of beans costs units of pork. Harmonia: 1 unit of pork costs beans. 1 unit of beans costs units of pork. b. Which products should each country specialize in and export? Concordia: Harmonla: c. If, prior to specialization and trade. Concordia produced combination D and Harmonla produced combination B, what would be the total gains from trade? Pork: Beans: