Scott can either make 1 dress or 2 cocktails in an hour, while Donald can either make

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Scott can either make 1 dress or 2 cocktails in an hour, while Donald can either make 10 dresses or 2 cocktails in an hour. They can gain from trade if:

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Scott specializes in making dresses and Donald in making cocktails.

Donald specializes in making dresses and Scott in making cocktails.

Donald makes both dresses and cocktails and Scott only cocktails.

Donald will never be able to gain from trade.

Scott will never be able to gain from trade.

Related Book For answer-question

Personal Finance

ISBN: 978-0077861643

11th edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes

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Posted Date: Mar 30, 2023 12:30 AM

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Scott can either make 1 dress or 2 cocktails in an hour, while Donald can either make

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Personal Finance

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