Business, 09.08.2021 23:50, bigboss2984
Calculate the opportunity costs for both traders, say who should specialize in what good, draw the PPF for each trader with slope, and give the terms of trade for both goods. You must show all the analysis work. Jack could carry 10 pails of water or 3 stones. Jill could carry 4 pails of water or 2 stones. Mr Bingley can shoot 25 birds or catch 10 trout. Mr Darcy can shoot 20 birds or catch 10 trout. Luke Skywalker can blast 20 stormtroopers or light saber 2 Sith Lords. Yoda can blast 5 stormtroopers or light saber 6 Sith Lords. Tweedle Dee can grow 4 pears or 6 apples. Tweede Dum can grow 5 pears or 2 apples. Calvin Klein can sew 3 dresses or 9 skirts, Michael Kors can sew 5 dresses or 8 skirts. Your points will depend on the completion of all the required analysis.
Answers: 1
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Calculate the opportunity costs for both traders, say who should specialize in what good, draw the P...
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