Question: Look again at the information in Figure 2.4 on page 49. Choose a rate of trading cherries for apples different from the rate used in

Look again at the information in Figure 2.4 on page 49. Choose a rate of trading cherries for apples different from the rate used in the text (15 pounds of cherries for 10 pounds of apples) that will allow you and your neighbor to benefit from trading. Prepare a table like Table 2.1 on page 50 to illustrate your answer.
Figure 2.4

You Apples Your Neighbor Cherries Apples Cherries Devote all time to picking apples 20 pounds O pounds 30 pounds O pound

(a) Your production possibilities frontier

Apples (pounds) 20 Your PPF Cherries (pounds)

(b) Your neighbor's production possibilities frontier

You Apples Your Neighbor Cherries Apples Cherries Devote all time to picking apples 20 pounds O pounds 30 pounds O pounds Devote all time to picking cherries O pounds O pounds 60 pounds 20 pounds Apples (pounds) 20 Your PPF Cherries (pounds)

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