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Consider two producers of gymnastics equipment, Jaelle and Kristina. Jaelle can produce 10 clubs per day or 5 hoops, whereas Kristina can produce 2 clubs
Consider two producers of gymnastics equipment, Jaelle and Kristina. Jaelle can produce 10 clubs per day or 5 hoops, whereas Kristina can produce 2 clubs per day or 6 hoops.
Assume that if Jaelle and Kristina did not trade with each other, they would each spend the first half of each day producing clubs and the second half producing hoops. Using this information, demonstrate how Jaelle and Kristina can benefit from specialisation and trade.
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