Question: please answer Widgetland has 60 workers. Each worker can produce & widgets or 8 wadgets. Each resident in Widgetland currently consumes 3 widget(s) and 5

 please answer Widgetland has 60 workers. Each worker can produce &

please answer

widgets or 8 wadgets. Each resident in Widgetland currently consumes 3 widget(s)

Widgetland has 60 workers. Each worker can produce & widgets or 8 wadgets. Each resident in Widgetland currently consumes 3 widget(s) and 5 wadget(s). Wadgetland also has 60 workers. Each can produce 5 widgets or 15 wadgets. Wadgetland's residents each consume 4 widget(s) and 3 wadget(s) Is there a basis for trade? ( Yes If Widgetland specializes in the production of widgets, they would produce s widgets ando wadgets. If Wadgetland specializes in the production of wadgets, they would produce o widgets and wadgets. Assuming that Widgetland and Wadgetland have agreed on trading 1 widget for 2 wadgets, and Widgetland wants to double the amount of wadgets they can consume, Widgetland should trade widgets for [ wadgets. This would mean that Wadgetland can consume [ ]wadgets and widgets after the trade is completed

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