Business, 04.04.2020 02:31, mindymae

Both Mia and Mario produce only the item in which they have a comparative advantage. Then they trade one pasta for one pizza. Before specialization and trade started, Mia and Mario were each producing 66 dishes of pasta and 66 pizzas an hour. The total gains from trade are dishes of pasta and pizzas an hour.

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Both Mia and Mario produce only the item in which they have a comparative advantage. Then they trade...