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e. Suppose Indonesia and Malaysia trade chicken and palm oil with each other i. What is the range for mutually-beneficial trade for 4 litres of

e. Suppose Indonesia and Malaysia trade chicken and palm oil with each other

i. What is the range for mutually-beneficial trade for 4 litres of palm oil? Explain

and justify your answer.

ii. Suppose that Malaysia exchanges 8 kg of chicken for 10 litres of palm oil with

Indonesia. ?

? How much does Malaysia gain in terms of palm oil?

? How much does Indonesia gain in terms of palm oil?

Indonesia Malaysia Chicken (hour/kg) 8 6 Palm oil (hour/litre) 4 8

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