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nheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Futsa.blackboard.com%252Fwebapps%252Fblackboard Homework Saved The Dominican Republic and Nicaragua both produce coffee and rum. The Dominican Republic can produce 16,000 tons of coffee per year or

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nheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Futsa.blackboard.com%252Fwebapps%252Fblackboard Homework Saved The Dominican Republic and Nicaragua both produce coffee and rum. The Dominican Republic can produce 16,000 tons of coffee per year or 4,000 barrels of rum. Nicaragua can produce 10,000 tons of coffee per year or 2,000 barrels of rum. a. Suppose the Dominican Republic and Nicaragua sign a trade agreement in which each country would specialize in the production of either coffee or rum. Which country should specialize in coffee? (Click to select) v Which country should specialize in rum? (Click to select) Instructions: Enter your responses in decimal form and round to two decimal places b. The minimum price at which these countries will trade coffee is barrel(s) of rum per ton of coffee and the maximum price is barrel(s) of rum per ton of coffee

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