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The following table describes the production possibilities of two cities in the country of Baseballia: Pairs of Red Socks per Worker per Hour Pairs of
The following table describes the production possibilities of two cities in the country of Baseballia: Pairs of Red Socks per Worker per Hour Pairs of White Socks per Worker per Hour Boston 5 2 Chicago 4 3 The price of white sacks can be expressed in terms of red sucks. The highest price at which white sacks can be traded that would make both cities better off is V of red socks per pair of white socks, and the lowest price that makes both cities better off is V of red socks per pair of white socks
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