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In your post, please consider use the PPF graph like the above one to explain how you could tell who has a comparative advantage in
In your post, please consider use the PPF graph like the above one to explain how you could tell who has a comparative advantage in producing fish and who has a comparative advantage in producing bananas. If Jerry and Lamont would like to trade with each other, who will specialize in the production of fish and who will specialize in the production of bananas? Finally, what is the trade pattern? Who will use what to trade with what?
PPFs between two producers or two countries. Jerry's PPF Quantity 25 with trade of Lamont's Bananas 20 Jerry's consumption consumption with trade Lamont's 15 with trade production 10 with trade Jerry's 5 production with trade 10 20 30 40 50 Lamont's PPF Quantity of Fish with tradeStep by Step Solution
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