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Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279Macroeconomics 12th Edition by Michael Parkin
Edition 12ISBN: 978-0133872279 Exercise 9
Suppose that Tessa buys a new machine for making jackets that enables her to make 20 jackets an hour. (She can still make only 80 caps per hour.)
a. Who now has a comparative advantage in producing jackets
b. Can Sue and Tessa still gain from trade
c. Would Sue and Tessa still be willing to trade 1 jacket for 15 caps Explain your answer.
a. Who now has a comparative advantage in producing jackets
b. Can Sue and Tessa still gain from trade
c. Would Sue and Tessa still be willing to trade 1 jacket for 15 caps Explain your answer.
Explanation
Verified
Verified
Tessa has got a new machine which helps ...
Macroeconomics 12th Edition by Michael Parkin
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