shoues Bre preducdin Possibilitiestrontiers (PPF5) 3. The follocoring of individuais A and Bboe. pradudim ob brand and apples pur day : PPp ob Indv. A Apples PPF of indu. B Apples Bread Bread 12 24 18 12 12 36 24 Witkout specialiation and trede , indv. A praduas and conmemes 12 units of Bread and 12 units of apples; chile ndu.B produes and consumes 3 6 units of bread aud 18 units of apples. a) Calculate opportunity Costs of bread andd apples for indv. A and B; and indicate if thiy have f bread and apples. any compax ative advantoges in production ) Suppese thiey agree ti spteiolige aud irade ; them etzo sperialyes cohat and nhat would be the new tzzms of éxchange ?" ) I Lustrate a situalioi shere both ndividuals are boetter off after specialization and trade , on
shoues Bre preducdin Possibilitiestrontiers (PPF5) 3. The follocoring of individuais A and Bboe. pradudim ob brand and apples pur day : PPp ob Indv. A Apples PPF of indu. B Apples Bread Bread 12 24 18 12 12 36 24 Witkout specialiation and trede , indv. A praduas and conmemes 12 units of Bread and 12 units of apples; chile ndu.B produes and consumes 3 6 units of bread aud 18 units of apples. a) Calculate opportunity Costs of bread andd apples for indv. A and B; and indicate if thiy have f bread and apples. any compax ative advantoges in production ) Suppese thiey agree ti spteiolige aud irade ; them etzo sperialyes cohat and nhat would be the new tzzms of éxchange ?" ) I Lustrate a situalioi shere both ndividuals are boetter off after specialization and trade , on
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.16P
Related questions
Question
![3. The followoring shoes Whe produclion Pessibilities frontiers (PPF5)
i of individuais A and Bbse. praducdion ob brand and apdes pur day:
PPF indu. B
Kpples
PPp ob Indv. A
Biread
Apples
Bread
12
24
18
12
12
36
24
Witkout specialigalion and trede , indv. A produas send consumes 12 units of
Bread and 12 uits of apples, while indu.B produes and consumes
3
6 units ob bruad aud 18 uriks op apples.
a) Calculate opporturity Cests of bread and apples for eindv. A and B;
and indicate if they have any comparative advantages in production
4 broad aud apples.
) Suppose they agra ti speialige and àrade ; then woho spei alyjes
cohat and ahat woould be the new tarms of éxchange ?"
on
) I Lustrate a situalioi where both individuals are toetter off
abler speialization and trade .](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F18f40bb2-bdf1-4c2b-a423-dcc7c3afadb9%2Fd42cf2d8-a5c1-416f-bdcb-a2cfa01b3623%2Fkchub_processed.png&w=3840&q=75)
Transcribed Image Text:3. The followoring shoes Whe produclion Pessibilities frontiers (PPF5)
i of individuais A and Bbse. praducdion ob brand and apdes pur day:
PPF indu. B
Kpples
PPp ob Indv. A
Biread
Apples
Bread
12
24
18
12
12
36
24
Witkout specialigalion and trede , indv. A produas send consumes 12 units of
Bread and 12 uits of apples, while indu.B produes and consumes
3
6 units ob bruad aud 18 uriks op apples.
a) Calculate opporturity Cests of bread and apples for eindv. A and B;
and indicate if they have any comparative advantages in production
4 broad aud apples.
) Suppose they agra ti speialige and àrade ; then woho spei alyjes
cohat and ahat woould be the new tarms of éxchange ?"
on
) I Lustrate a situalioi where both individuals are toetter off
abler speialization and trade .
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