Maria and Shayla produce pickles and cheese. Maria's production function is Op 424-40c Shayla's production function is Op 480-30c These two people are currently not trading. Maria is currentily producing and consuming 200 pickles and 56 cheeses. Shayla is currently producng and consuming 210 pickles and 90 cheeses. Then these two people specialize and trade based on comparative advantage The ewma of trade are 220 pickles for 67 cheeses What are the gains from trade for Shayla in terms of CHEESES?

Maria and Shayla produce pickles and cheese. Maria's production function is Op 424-40c Shayla's production function is Op 480-30c These two people are currently not trading. Maria is currentily producing and consuming 200 pickles and 56 cheeses. Shayla is currently producng and consuming 210 pickles and 90 cheeses. Then these two people specialize and trade based on comparative advantage The ewma of trade are 220 pickles for 67 cheeses What are the gains from trade for Shayla in terms of CHEESES?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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