Home has 1200 units of labor available it can produce two, Business Economics

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Home has 1200 units of labor available it can produce two

Home has 1200 units of labor available. It can produce two goods: indigo and tobacco. The unit labor requirement of indigo is 3, while in tobacco production the unit labor requirement is 2.

What is Home's opportunity cost of producing indigo?

In the absence of trade, what would the price of indigo in terms of tobacco be?

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Business Economics: Home has 1200 units of labor available it can produce two

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Business Economics: Home has 1200 units of labor available it can produce two

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