Order the answer to: Suppose that Tessa buys a…
| Question | 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. |
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| Subject | business economics |
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