Question: I have less then 15 min Quiz: Chapter 2 Question 20 of 20 This quiz: 20 point(s) possible This question: 1 point(s) possible The production

I have less then 15 min

I have less then 15 min Quiz: Chapter 2 Question 20 of

Quiz: Chapter 2 Question 20 of 20 This quiz: 20 point(s) possible This question: 1 point(s) possible The production possibilities frontiers in the figure to the right show how many bananas and coconuts you (Y) and your neighbor (N) can consume without trade. Suppose you are initially consuming 15 bananas and 2 coconuts and your neighbor is initially consuming 6 bananas and 8 coconuts. Now, suppose you and your neighbor specialize by each only producing the good for which you have a comparative advantage. Your PPF You give your neighbor half of your production for half of what he produces. (Enter all responses as integers.) If you trade with your neighbor, then you will have additional coconut(s) after the trade and additional banana(s). At the same time, your neighbor will be able to consume ]additional banana(s) and will be as a result of trade. Quantity of coconuts Neighbor's YA 24 6 8 10 12 14 16 18 20 22 24 26 28 Quantity of bananas

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