Question
In Islandia, a small economy, Jack and Jill shall make their production and consumption decisions together.Jack can produce either 5 kg banana or 9.5 kg
In Islandia, a small economy, Jack and Jill shall make their production and consumption decisions together.Jack can produce either 5 kg banana or 9.5 kg tea per day.Jill can produce either 8 kg banana or 22.4 kg tea per day.Suppose now they areopen to trade with the rest of the world.The price of banana is $3.5/kg and the price of tea is still $1/kg in the world market.Suppose Islandia is small enough that its behavior will not affect the world prices.
Jack and Jill will produce a total of[Answer]kg banana per day.
(In decimal numbers, with two decimal places, please.)
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