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plz show the step, the ans must be 28 8. Boat rides and brunches are the only services in the world that are traded. In
plz show the step, the ans must be 28
8. Boat rides and brunches are the only services in the world that are traded. In Comma, a small island economy, Ben and Tom make their production and consumption decisions together. Ben can produce either 5 boat rides or 10 brunches per day. Tom can produce either 14 boat rides or 13 brunches per day. Comma trades with the world economy as well, where the price of boat rides is HKD 240 per ride and the price of brunches is HKD 160 per brunch. Suppose Comma is small enough that its trade does not affect world prices. If Ben and Tom take 2 boat rides per day, then they could consume up to a total of [ Answer08 =28.00 ] brunches. (Assume boat rides and brunches don't have to be consumed in whole numbers.) 8. Boat rides and brunches are the only services in the world that are traded. In Comma, a small island economy, Ben and Tom make their production and consumption decisions together. Ben can produce either 5 boat rides or 10 brunches per day. Tom can produce either 14 boat rides or 13 brunches per day. Comma trades with the world economy as well, where the price of boat rides is HKD 240 per ride and the price of brunches is HKD 160 per brunch. Suppose Comma is small enough that its trade does not affect world prices. If Ben and Tom take 2 boat rides per day, then they could consume up to a total of [ Answer08 =28.00 ] brunches. (Assume boat rides and brunches don't have to be consumed in whole numbers.)Step by Step Solution
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