Question
#5 (input) Minutes needed to produce one radio Minutes needed to produce 1 bushel of wheat Ted 20 minutes 5 minutes Nancy 30 minutes 15
#5 (input) | Minutes needed to produce one radio | Minutes needed to produce 1 bushel of wheat | |
Ted | 20 minutes | 5 minutes | |
Nancy | 30 minutes | 15 minutes | |
AA Radios= | AA Wheat= | CA Radios= | CA Wheat= |
Trade can occur when radio is traded for wheat
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
