Draw a graph of a country in autarky equilibrium using as few curves and points as possible.
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Draw a graph of a country in autarky equilibrium using as few curves and points as possible. Assume that this country only produces 2 goods (you decide what they are) and there is increasing additional cost to produce them.
Label your general equilibrium point A and state the relative price of your two goods...please put actual numbers on the graph so that your relative price can be calculated.
Related Book For
Financial Management Theory and Practice
ISBN: 978-0176517304
2nd Canadian edition
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
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