TAILIEUCHUNG - Microeconomics for MBAs 58

Microeconomics for MBAs 58. The Economic Way of Thinking for Managers. Microeconomics for MBAs develops the economic way of thinking through problems that MBA students will find relevant to their career goals. Maths is kept simple and the theory is illustrated with real-life scenarios | Chapter 17 International Trade and Finance 5 itself. It can produce three units of beef trade two of them for a textile unit and have one extra beef unit left over or it can trade all three units of beef for one and one-half units of textiles. Japan can produce one unit of textiles and trade it for two units of beef gaining one textile unit in the process. Both nations can gain from such a trade because each is specializing in the production of a good for which it has a comparative opportunity cost Even though the United States has an absolute cost advantage in both products Japan has a comparative advantage in textiles. One unit of textiles costs Japan one unit of beef the same unit of textiles costs the United States three units of beef. Similarly the United States has a comparative cost advantage in the production of beef. One unit of beef costs the United States only one-third unit of textiles it costs Japan a whole unit. If each country specializes in the commodities for which it has a comparative cost advantage the two nations can save resources for use in further production. TABLE Mutual Gains from Trade in Beef and Textiles United States and Japan United States Japan Total . and Japan Production and consumption levels before international trade 15 textiles 45 beef 3 textiles 22 beef 18 textiles 67 beef Production levels in anticipation of 0 textiles 90 beef 25 textiles 0 beef 25 textiles 90 beef international trade complete specialization assumed At an exchange ratio of 2 beef for 1 textile United States and Japan agree to trade 40 beef for 20 textiles. Consumption levels after international trade 20 textiles 50 beef 5 textiles 40 beef 25 textiles 90 beef Increased consumption 5 textiles 2 textiles 7 textiles before-trade consumption 5 beef 18 beef 23 beef levels subtracted Table shows the gains in production each nation can realize under such an arrangement. Before trade the United States .

• Kinh tế học
• Kinh tế vi mô
• cao học
• The Economic Way of Thinking
• Competitive Product Markets
• Principles of Rational Behavior
• Society and Business
• trắc nghiệm kinh tế vi mô
• đề thi kinh tế vi mô
• bài tập kinh tế vi mô
• tài liệu kinh tế vi mô
• giáo trình kinh tế vi mô
• bài giảng kinh tế vi mô
• Ôn tập kinh tế vi mô
• Kinh tế vĩ mô
• bài tập kinh tế vĩ mô
• trắc nghiệm kinh tế vĩ mô
• đề thi kinh tế vĩ mô
• tài liệu kinh tế vĩ mô
• bài giảng kinh tế vĩ mô
• giáo trình kinh tế vĩ mô
• Các mô hình kinh tế
• Mô hình kinh tế
• Kinh tế học vi mô
• Kinh tế học
• Nhập môn kinh tế học
• Tổng quan kinh tế học vi mô
• Bài tập kinh tế học vi mô
• Ứng dụng kinh tế vi mô
• Bài tập môn kinh tế vi mô
• Bài tập thực hành kinh tế vi mô