22 12 30 20 369 2 us 369 2 15 18 31 2* 27 3 zie Refer to Figure 3-17. At which of the following prices would both Maxine and Daisy gain from trade with each other? O a Maxine and Daisy could not both gain from trade with each other at any price. Ob. 4 tarts for 2 pies Oc. 12 tarts for 28 pies O d. 8 tarts for 12 pies
22 12 30 20 369 2 us 369 2 15 18 31 2* 27 3 zie Refer to Figure 3-17. At which of the following prices would both Maxine and Daisy gain from trade with each other? O a Maxine and Daisy could not both gain from trade with each other at any price. Ob. 4 tarts for 2 pies Oc. 12 tarts for 28 pies O d. 8 tarts for 12 pies
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Figure 3-17
Maxine's Production Possibilities Frontier
Daisy's Production Possibilities Frontier
30
30
16
14
12
10
6-
369 12 S 21 24 27 30
369 12 IS 18 31 24 27 30
zien
Refer to Figure 3-17. At which of the following prices would both Maxine and Daisy gain from trade with each other?
O a Maxine and Däisy could not both gain from trade with each other at any price,
O b. 4 tarts for 2 pies
Oc.
12 tarts for 28 pies
O d. 8 tarts for 12 pies
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