A can produce 40 colas an hour or 400 cookies an hour.
B can produce 100 colas an hour or 200 cookies an hour.
What is the highest price of a cola at which A and B would agree to trade cola and cookies? Please explain, thank you!
Economics PPF and trade
2010-02-22 11:56 am
回答 (1)
2010-02-24 10:20 am
✔ 最佳答案
Assume that resources = 1, TC = 0After calculating the opportunity costs,
A will import colas
B will import cookies
So,
P of colas should not greater than 4cookies
while P of cookies should not greater than 0.5colas
PS :
actually not quite sure
if it is wrong, excuse me.
收錄日期: 2021-04-19 21:22:28
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