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Business, 25.06.2019 20:00 crispingolfer7082
Suppose there are two individuals, casey and rick, who live in a very simplified world where only two goods are produced and consumed: fruit and vegetables. the production opportunity cost for casey is 6.00 kg of fruit for every kilogram of vegetables. rick has a production opportunity cost of 4.00 kg of fruit for every kilogram of vegetables. casey eventually realizes that, through trade, both individuals can be better off. rick is willing to trade. what price can be settled between these two parties such that both individuals can enjoy more fruit and vegetables? price: kg of fruit per kilogram of vegetables
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