Question

Country Chinos Pistachios (Pairs per hour of labor) (Pounds per hour of labor) Glacier 12 24 Congaree 8 32 Suppose that initially Glacier uses 1 million hours of labor per day to produce chinos and 3 million hours per day to produce pistachios, while Congaree uses 3 million hours of labor per day to produce chinos and 1 million hours per day to produce pistachios. As a result, Glacier produces 12 million pairs of chinos and 72 million pounds of pistachios, and Congaree produces 24 million pairs of chinos and 32 million pounds of pistachios. Assume there are no other countries willing to engage in trade, so, in the absence of trade between these two countries, each country consumes the amount of chinos and pistachios it produces.

          Country
Chinos
Pistachios
(Pairs per hour of labor)
(Pounds per hour of labor)
Glacier 12 24
Congaree 8 32
Suppose that initially Glacier uses 1 million hours of labor per day to produce chinos and 3 million hours per day to produce pistachios, while Congaree uses 3 million hours of labor per day to produce chinos and 1 million hours per day to produce pistachios. As a result, Glacier produces 12 million pairs of chinos and 72 million pounds of pistachios, and Congaree produces 24 million pairs of chinos and 32 million pounds of pistachios. Assume there are no other countries willing to engage in trade, so, in the absence of trade between these two countries, each country consumes the amount of chinos and pistachios it produces.

Added by Christopher R.

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