Quiz_02__Key_ - EC 340 Spring 2011 Quiz 2 Two countries are...

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Unformatted text preview: EC 340 Spring 2011 Quiz 2 Two countries are represented by the following PPFs. Suppose that the price of X in terms of Y is 4. How much of each good will each country produce? State your answer in the form : North will produce _____ units of X and ______ units of Y, South will produce _____ units of X and _____ units of Y. QY QY 500 North South 75 100 QX 25 QX ...
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This note was uploaded on 11/11/2011 for the course EC 340 taught by Professor Ballie during the Spring '10 term at Michigan State University.

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