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2. Consider the following scenario. Xavier and Yannis can switch between producing baskets and producing birdhouses. Xavier uses 8 hours to produce 1 basket and
2. Consider the following scenario. Xavier and Yannis can switch between producing baskets and producing birdhouses. Xavier uses 8 hours to produce 1 basket and 2 hours to produce 1 birdhouse. Yannis uses 1.5 hours to produce 1 basket and 2 hours to produce 1 birdhouse. In 24 hours, Xavier can produce 3 baskets and 12 birdhouses, and Yannis can produce 16 baskets and 12 birdhouses. If they decided to trade with one another, at which of the following prices would both Xavier and Yannis gain from iIade? Justify your answer a) 30 baskets for 15 birdhouses b) 30 baskets for 18 birdhouses c) 30 baskets for 24 birdhouses
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