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https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/scarcity-and-growth/v/input-approach-to-determining-comparative-advantage-macroeconomics-khan-academy
Nov 30, 2018 · An example of using inputs to calculate opportunity cost and then using opportunity costs to determine comparative advantage. ... per day here we're saying how many hours does a worker in country a take to produce a toy car in country a it is two hours that labor that two hours of labor this is the …
https://corporatefinanceinstitute.com/resources/knowledge/economics/comparative-advantage/
The information provided is illustrated as follows: It is important to note that the United States enjoys an absolute advantage in the production of cloth and wine. With one labor hour, a worker can produce either 20 cloths or 20 wines in the United States compared to France’s 5 cloths or 10 wines.Estimated Reading Time: 6 mins
http://www.eco.uc3m.es/EconomiaMundial/materiales/Ricardian_model.pdf
LW = 2, then one needs 2 hours of labor to produce one gallon of wine). – Denote with a LC the unit labor requirement for cheese (e.g. if a LC = 1, then one needs 1 hour of labor to produce a pound of cheese). The economy’s total resources are defined as L, the total labor …
http://www-personal.umich.edu/~alandear/writings/CompAdv3.pdf
The corresponding labor productivities are 100 pounds of food per hour of labor in the US, and 50 pounds per hour in the UK. In the cloth industry, on the other hand, the numbers say that production of a yard of cloth requires 0.02 hours of labor in the US and only 0.01 hours of labor in the UK – so that productivities are 50 yards of clothFile Size: 28KB
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