catzilla

09.02.2021 • 

Mathematics

A. Without trade, the price of a pair of white socks (in terms of red socks) in Boston is_______of red socks, and in Chicago it is______of red socks. B. ________ has an absolute advantage in the production of red socks, and________has an absolute advantage in the production of white socks._______has a comparative advantage in the production of red socks, and_______has a comparative advantage in the production of white socks.
C. If the cities trade with each other, Boston will export_______socks, and Chicago will export_______socks.
D. The price of white socks can be expressed in terms of red socks. The highest price at which white socks can be traded that would make both cities better off is______of red socks per pair of white socks, and the lowest price that makes both cities better off is______of red socks per pair of white socks.

Ответ:

emilaw7823

06.11.2021

Mathematics

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First find BE using pythogorean theorem in triangle BEF.
Then draw a line from E to C. Now you have BEC.
Find EC from BEC.
Then you could easily find the required answer ED from triangle CDE.

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