HW1 GET ANSWER

Suppose that we have two countries, Home and Foreign. They can either produce bicycles or snowboards. At Home, 4 hours of labor in necessary to produce one bicycle and 6 hours of labor in necessary to produce one snowboard. In Foreign, 6 hours of labor in necessary to produce one bicycle and 8 hours of labor in necessary to produce one snowboard.e. Calculate the cost of production for one unit of each good in both Home and Foreign. ExPlain the cost advantages for each country and how.r different levels of wages can be offset by different productivity levels