hour. Liz stops making salads and produces 30 smoothies per hour. That is, they both specialize in
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hour. Liz stops making salads and produces 30 smoothies per hour. That is, they both specialize in producing the good in which they have a comparative advantage—see Table 3.3
(b) . They then trade: Liz sells Joe 10 smoothies and Joe sells Liz 20 salads—the price of a smoothie is 2 salads—see Table 3.3
(c) .
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