California State University Urban and Regional Economics Questions

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Economics

California State University San Marcos

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please use the 2 figures provided for questions 1 and 7. let me know if you need and clarification.

see attachment for questions.

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Urban and Regional Economics Homework Assignment #1 FIGURES FOR QUESTIONS 1,7,9.
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Urban and Regional Economics
Homework Assignment #1
FIGURES FOR QUESTIONS 1,7,9.

Solution
a. 1 shirt for north and 1 shirt for south
b. The trading city will not develop because the gains of trade are less than the cost of trade.
Here opportunity cost of north is 2...


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