EBK ECONOMICS
EBK ECONOMICS
13th Edition
ISBN: 8220106799642
Author: PARKIN
Publisher: PEARSON
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Chapter 2, Problem 7SPA

(a)

To determine

Identify the value of the opportunity cost of producing a cap by S.

(b)

To determine

Identify the value of the opportunity cost of producing a cap by T.

(c)

To determine

Identify the comparative advantage in the production.

(d)

To determine

Identify the gains from the specialization and trade.

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