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28 Sep 2019
Assume China has a linear production possibilities frontier and is able to produce (before the trade) either 80 batches of apples or 20 batches of pumpkins using 100 worker hours. Also, suppose China decides to produce 40 batches of apples. If China trades 20 batches of apples for 20 batches of pumpkins, how many pumpkins will the country have at the end of the exchange?
Assume China has a linear production possibilities frontier and is able to produce (before the trade) either 80 batches of apples or 20 batches of pumpkins using 100 worker hours. Also, suppose China decides to produce 40 batches of apples. If China trades 20 batches of apples for 20 batches of pumpkins, how many pumpkins will the country have at the end of the exchange?
Darryn D'SouzaLv10
28 Sep 2019
