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In the figure above, if Mac and Izzie each initially start at point a and then both completely specialize and trade with each other
In the figure above, if Mac and Izzie each initially start at point a and then both completely specialize and trade with each other what are the gains from trade? 24 computers and 24 TV sets per month. 12 computers and 12 TV sets per month. 3 computers and 3 TV sets each per month. No gainful trade can take place. 12 ob 10 Mac's PPF Computers (per month) 8 9 4 2 Izzie's PPF 8 10 12 Television sets (per month) 02 4 6
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
