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Assume that Maya and Miguel can switch between producing mixers and producing toasters at a constant rate. To Make l in 40 Hours mamm- nun-n.-
Assume that Maya and Miguel can switch between producing mixers and producing toasters at a constant rate. To Make l in 40 Hours mamm- nun-n.- mm\"...- l. Refer to Table 3-6. Miguel has an absolute advantage in the production of a. both goods and a comparative advantage in the production of mixers. h. both goods and a comparative advantage in the production of toasters. c. neither good and a comparative advantage in the production of mixers. d. neither good and a comparative advantage in the production of toasters. 2. Refer to Table 3-6. Maya should specialize in the production of a. mixers and Miguel should specialize in the production of toasters. b. toasters and Miguel should specialize in the production of miners. c. both goods and Miguel should specialize in the production of neither good. d. neither good and Miguel should specialize in the production ofboth goods. 3. Refer to Table 3-6. At which of the following prices would both Maya and Miguel gain om trade with each other\" a. 4 mixers for 7 masters h. 8 mixers for to toasters c. l2 mixers for l8 toasters d. Maya and Miguel could not both gain from trade with each other at any price
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