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Calculating Mutually Beneficial Terms of Trade Page 1 of 1 Suppose that Kaleb faces the following opportunity costs: 0 The opportunity cost of producing 1
Calculating Mutually Beneficial Terms of Trade Page 1 of 1 Suppose that Kaleb faces the following opportunity costs: 0 The opportunity cost of producing 1 unit of electric fans is 0.25 units of space heaters. o The opportunity cost of producing 1 unit of space heaters is 4 units of electric fans. Suppose that Eadie faces the following opportunity costs: 0 The opportunity cost of producing 1 unit of electric fans is 0.5 units of space heaters. o The opportunity cost of producing 1 unit of space heaters is 2 units of electric fans. 1. Both parties will benefit from trade if 1 unit of electric fans trades to (select) unit(s) of space heaters. Directions: Answer the questions above based on the information giv ur numerical responses to the nearest
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