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Sheila went to a street market where she bought 20 tulips (x) and 4 roses (y). Bruce also went to a market where he bought
Sheila went to a street market where she bought 20 tulips (x) and 4 roses (y). Bruce also went to a market where he bought 18 tulips (x) and 9 roses (y).
- a)If Sheila and Bruce went to the same market and paid the same prices, then can they find a mutually beneficial trade? If so then who will give up tulips? Briefly explain.
- b)If they went to different markets and faced different prices, then can they find a mutually beneficial trade of tulips and roses? If so then who will give up tulips? Briefly explain.
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