Home has 1 , 2 0 0 units of labour availableand Foreign has 8 0 0 units
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Question:
Home has units of labour availableand Foreign has units of labour available: The unit labour requirements of the production of tomatoes arid potatoes are and in Home, and and in Foreign respecively. Suppose the world reptive demiand takes the following fornDemand for.tomatoesDemand for potatoes, Frice of potatoes Price of tomatoes.
i Graph the production possibility Frontier of Hom and ForeignGID Construct the world relative supply curve.
(ii) Git What is the equilibnum relative price of tottoes
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