Principles of Microeconomics, California Edition
Principles of Microeconomics, California Edition
2nd Edition
ISBN: 9780393622102
Author: Dirk Mateer, Lee Coppock
Publisher: NORTON
Question
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Chapter 1, Problem 8SP

(a)

To determine

Calculate the total value created.

(b)

To determine

Calculate the total value created when two people are engaged in trade. 

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