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Business, 03.02.2022 01:40 logan867

Suppose that in Mexico, it takes 4 labor hours to produce 1 shirt and 12 labor hours to produce 1 computer. Suppose that in the United States, it takes 4 labor hours to produce 1 shirt and 3 labor hours to produce 1 computer. If both countries have 60 labor hours available, completely specialize according to comparative advantage, and trade 7.5 shirts for 7.5 computers, how many labor hours would it have taken Mexico to produce on its own the goods it consumes as a result of trade?

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Suppose that in Mexico, it takes 4 labor hours to produce 1 shirt and 12 labor hours to produce 1 co...
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