e table below shows the hours required to produce one ton of rice or one ton of wheat in China and India. They can either devote their time to produce rice or wheat. India China 8 9 16 12 ice Wheat ased on this information, for both countries to gain from trade, China should produce and India should produce QUESTION 10 The table below shows the total amounts of rice and wheat that can be produced with 144 hours of labor in China and India. China 18 9 Rice Wheat India 16 12 I tone of co After the trade China has tons of wheat and

Operations Research : Applications and Algorithms
4th Edition
ISBN:9780534380588
Author:Wayne L. Winston
Publisher:Wayne L. Winston
Chapter8: Network Models
Section8.5: Minimum-cost Network Flow Problems
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QUESTION 9
The table below shows the hours required to produce one ton of rice or one ton of wheat in China and India. They can either devote their time to produce rice or wheat.
India
China
8
9
16
12
Rice
Wheat
Based on this information, for both countries to gain from trade, China should produce
QUESTION 10
The table below shows the total amounts of rice and wheat that can be produced with 144 hours of labor in China and India.
China
18
9
Rice
Wheat
esc
Q Search
Now suppose the countries each specialize according to comparative advantage and agree to trade 4 tons of wheat for 6 tons of rice. After the trade, China has
tons of rice, while India has
tons of wheat and
tons of rice.
101
49°
OL
G
2
#
HHH
3
W
SA
4
f5
%
5
T
f6
6
&
and India should produce
ly!
7
He
8
India
16
12
fg
f10
insert
I
O
P
F12
tons of wheat and
prt scr
12:26 AL
1/29/202
BANG & OL
backspace
Transcribed Image Text:QUESTION 9 The table below shows the hours required to produce one ton of rice or one ton of wheat in China and India. They can either devote their time to produce rice or wheat. India China 8 9 16 12 Rice Wheat Based on this information, for both countries to gain from trade, China should produce QUESTION 10 The table below shows the total amounts of rice and wheat that can be produced with 144 hours of labor in China and India. China 18 9 Rice Wheat esc Q Search Now suppose the countries each specialize according to comparative advantage and agree to trade 4 tons of wheat for 6 tons of rice. After the trade, China has tons of rice, while India has tons of wheat and tons of rice. 101 49° OL G 2 # HHH 3 W SA 4 f5 % 5 T f6 6 & and India should produce ly! 7 He 8 India 16 12 fg f10 insert I O P F12 tons of wheat and prt scr 12:26 AL 1/29/202 BANG & OL backspace
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