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Author Question: The Principle of Comparative AdvantageThe table shows the production possibilities frontier for Gob ... (Read 51 times)

llesku

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on: Nov 23, 2022
The Principle of Comparative Advantage

The table shows the production possibilities frontier for Gob and George-Michael.
Gob​George-Michael
Magic TricksFrozen Bananas​Magic TricksFrozen Bananas
740​0​320​0
555​85​​240​205​
370​170​​160​410​
185​255​​80​615​
0340​​0820​
Assume before trade, Gob produced and consumed 370 magic tricks and 170 frozen bananas and George-Michael produced and consumed 160 magic tricks and 410 frozen bananas.  
Suppose Gob and George-Michael each specialize in making the good in which they have the comparative advantage and then trade. What are the overall gains from trade?
◦ 780 magic tricks, 240 frozen bananas
◦ 210 magic tricks, 1060 frozen bananas
◦ 210 magic tricks, 240 frozen bananas
◦ 240 magic tricks, 210 frozen bananas
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by llesku on Nov 23, 2022

labrinker

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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llesku

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Reply 2 on: Nov 23, 2022
Wow, this really help

upturnedfurball

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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