Both Geppetto and Lewis are toy store owners. They decide that they would like to trade puzzles and puppets in order to better stick their toy store shelves. Based on pic graph who will be supplier of puzzles and who will be supplier of puppets? b. The two store owners agree to specialize and trade 30 puzzles to 10 puppets the terms are still same 3 puzzles for each puppet how many puzzles and puppets will each one have after they complete trade
Both Geppetto and Lewis are toy store owners. They decide that they would like to trade puzzles and puppets in order to better stick their toy store shelves. Based on pic graph who will be supplier of puzzles and who will be supplier of puppets? b. The two store owners agree to specialize and trade 30 puzzles to 10 puppets the terms are still same 3 puzzles for each puppet how many puzzles and puppets will each one have after they complete trade
Chapter1: Making Economics Decisions
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Both Geppetto and Lewis are toy store owners. They decide that they would like to trade puzzles and puppets in order to better stick their toy store shelves. Based on pic graph who will be supplier of puzzles and who will be supplier of puppets?
b. The two store owners agree to specialize and trade 30 puzzles to 10 puppets the terms are still same 3 puzzles for each puppet how many puzzles and puppets will each one have after they complete trade
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Both Geppetto and Lewis are toy store owners. They decide that they would like to trade puzzles and puppets in order to D
their toy store shelves. The table below compares their production possibilities schedules.
Production Possibilities Schedules
Geppetto
Lewis
Puzzles
Puppets
Puzzles
Puppets
000
4.
5.
09
12
15
16
10
20
20.
25
Instructions: Enter your answers as a whole number.
a. Geppetto and Lewis agree to trade at a rate of 3 puzzles for each puppet. With those terms of trade, who is most likely to b
supplier of puzzles? Who is most likely to be the supplier of puppets?
Puzzles: (Click to select) v
Puppets: (Click to select) v
b. The two toy store owners agree to specialize and to trade 30 puzzles for 10 puppets. The terms of trade are still 3 puzzles fo
puppet. How many puzzles and puppets will each one have after they complete their trade?
Geppetto:
puzzles and
puppets
Lewis:
puzzles and
puppets
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