Business
Business, 09.02.2021 02:40, sreyasusanbinu

The production possibilities frontiers in the figure to the right show how many bananas and coconuts you (Y) and your neighbor (N) can consume without trade. Suppose you are initially consuming 15 bananas and 2 coconuts and your neighbor is initially consuming 10 bananas and 4 coconuts. Now, suppose you and your neighbor specialize by each only producing the good for which you have a comparative advantage.
You give your neighbor half of your production for half of what he produces. (Enter all responses as integers.)
If you trade with your neighbor, then you will have ? additional coconut(s) after the trade


The production possibilities frontiers in the figure to the right show how many bananas and coconut

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The production possibilities frontiers in the figure to the right show how many bananas and coconuts...

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