What can you say about the efficiency of world production


Problem

Suppose that instead of 1,200 workers, Home had 2,400. Find the equilibrium relative price. What can you say about the efficiency of world production and the division of the gains from trade between Home and Foreign in this case?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What can you say about the efficiency of world production
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