Give an example of a trade price where both would benefit from trade. cones per unit of ice cream.

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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Question 36
Ben Solo and Jerry Jones both produce cones and ice cream. Their production possibilities are shown below. They are considering trading.
Ben
Jerry
Cones
Cones
6
4.
A
3
0 1 2
Ice Cream
Ice Cream
(If you can't see the image of want to see a larger versioh click here.)
Give an example of a trade price where both would benefit from trade.
cones per unit of ice cream.
A Moving to another question will save this response.
Transcribed Image Text:this response. Question 36 Ben Solo and Jerry Jones both produce cones and ice cream. Their production possibilities are shown below. They are considering trading. Ben Jerry Cones Cones 6 4. A 3 0 1 2 Ice Cream Ice Cream (If you can't see the image of want to see a larger versioh click here.) Give an example of a trade price where both would benefit from trade. cones per unit of ice cream. A Moving to another question will save this response.
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