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Suppose Michael has the opportunity to trade 11 pounds of coffee and receive 9 pounds of cacao today. Assume that the cost of coffee is
Suppose Michael has the opportunity to trade 11 pounds of coffee and receive 9 pounds of cacao today. Assume that the cost of coffee is $24.10 dollars per pound, and that the value of Cacao is $69.72 per pound. What would be the benefit of making the trade of coffee for cacao? NOTE: Submit your answers with 4 decimals after the dot.
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