braines2003
11.02.2020 •
Business
Geppetto and Lewis agree to trade at a rate of 3 puzzles for puppet. With those terms of trade, who is most likely to be the supplier of puzzlesProduction Possibilities SchedulesGeppetto LewisPuzzles Puppets Puzzles Puppets100 0 50 0 80 4 40 5 60 8 30 10 40 12 20 15 20 16 10 20 0 20 0 25a. Geppetto and Lewis agree to trade at a rate of 3 puzzles for each puppet. With those terms of trade,is most likely to be the supplier of puzzles andis most likely to be the supplier of puppets.b. The two toy store owners agree to specialize and to trade 30 puzzles for 10 puppets. The terms of trade are still 3 puzzles for each puppet. After they complete their trade, Geppetto will have puzzles and puppets and Lewis will have puzzles and puppets.
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