Elucidate how many units of fish could it now consume along, Ask an Expert

Economics

Q. Assume that a worker in Boat land can produce either 5 units of wheat or 25 units of fish every year also a worker in Farmland can produce either 25 units of wheat or 5 units of fish every year. There are 30 workers in each country. No trade occurs between the 2 countries. Boat land produces also consumes 75 units of wheat also 375 units of fish every year while Farmland produces also consumes 375 units of wheat also 75 units of fish every year. If trade were to occur, Boat land would trade 90 units of fish to Farmland in exchange for 80 units of wheat. If Boat land now completely specializes in fish production, elucidate how many units of fish could it now consume along with the 80 units of imported wheat?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9173198

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