Question: . 2. Suppose Smith and Jonas have PP'F's as described above in this section. Suppose after the two trope the rst time before specialization. that


. 2. Suppose Smith and Jonas have PP'F's as described above in this section. Suppose after the two trope the rst time before specialization. that Smith recognizes the potential profit by specializing In oranges but Jones does not recognize the same possibility. Thus. suppose the second time the lure meet smith Is specializing in oranges hut Jones continues to produce his eLnarlty [no specialization} consumption bundle. e. Draw the Edpeworth hon tor this scenario. b. Would a one orange tor one apple trees nuke both traders better oil? c. Would a one orange tor one apple trade make Smith better than he was in euterlqr before he specialized? e. I|ii'i'hat are the implications it only one trader pusues his sell interest and specializes
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