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Suppose That Leslie and Hussein Can Either Make Salads or Grill

Question 43

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Suppose that Leslie and Hussein can either make salads or grill steaks.Their maximum outputs per hour are listed in the following table.Given the same quantity of resources,at what terms of trade (relative price ratio) could they specialize and trade so that both consume outside their own production possibilities frontiers (PPFs) ?
Suppose that Leslie and Hussein can either make salads or grill steaks.Their maximum outputs per hour are listed in the following table.Given the same quantity of resources,at what terms of trade (relative price ratio) could they specialize and trade so that both consume outside their own production possibilities frontiers (PPFs) ?   A)  1 salad per 1 steak B)  2 salads per 1 steak C)  2.5 salads per 1 steak D)  3 salads per 1 steak E)  3.5 salads per 1 steak


A) 1 salad per 1 steak
B) 2 salads per 1 steak
C) 2.5 salads per 1 steak
D) 3 salads per 1 steak
E) 3.5 salads per 1 steak

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