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35. Suppose we have 2 people Chuckie and Angelica. Below are their value scales. They want to trade. What is underlined is what they own.
35. Suppose we have 2 people Chuckie and Angelica. Below are their value scales. They want to trade. What is underlined is what they own. Angelica Chuckie 1st baby rattle 1st cookies 2nd blanky 2nd Barbie doll 3"d ball 3'd ball 4th G.I Joe action figure 4th G.I Joe action figure 5 Cookies 5th blanky 6th baby binky 6th baby rattle Which of the following is true? a. Two acts of trade take place b. Angelica is the short-side of the market The opportunity cost of a second trade for Angelica is the cookies d. The marginal utility of the second trade for Chuckie is the blanky e. None of the above is true
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